# Emirates NBD Bank announced an open offer to acquire RBL Bank shares with the following parameters: Parameter Details Shares to Acquire 415,586,443.

*fintech · news · 2026-04-12 · scanx.trade*

## Key points

- RBI approved Emirates NBD to acquire between 51% and 74% of RBL Bank's share capital.
- RBL Bank must amend its articles of association and obtain shareholder approval for the acquisition.
- Emirates NBD will gain the right to nominate all non-independent directors on RBL Bank's board.
- The open offer covers 26% of RBL Bank's expanded voting share capital at INR 280 per share.
- RBI requires at least two-thirds of RBL Bank's directors to be non-executive and one-third independent.

**Companies:** Emirates NBD Bank, RBL Bank, J.P. Morgan India Private Limited
**Countries:** India, United Arab Emirates

[Read the full story on scanx.trade](https://scanx.trade/stock-market-news/companies/rbl-bank-discloses-corrigendum-to-emirates-nbd-open-offer-following-rbi-approval/37559054)

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