RBL Bank’s Committee of Independent Directors has issued recommendations regarding the open offer made by Emirates NBD Bank for the acquisition of RBL Bank‘s equity shares. These recommendations, pursuant to Regulation 26(7) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, were finalised during a meeting held on 25 May 2026.
The recommendations have been published on 26 May 2026 in the same newspapers where the Detailed Public Statement of the Open Offer was initially published. These publications include the Financial Express (English – All editions), Jansatta (Hindi – All editions), and Tarun Bharat (Marathi – Kolhapur and Mumbai Editions).
The documents, including the recommendations and the newspaper publications, have been sent to BSE Limited, National Stock Exchange of India Limited, SEBI, and J.P. Morgan India Private Limited, which is managing the open offer. Additionally, in compliance with Regulation 46(2) of the SEBI Listing Regulations, the information is available on the bank’s official website.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).