Emirates NBD Bank, based in Dubai, has initiated an open offer to acquire up to 26% of RBL Bank, a prominent private sector bank in India, at a price of ₹282.38 per share. This price includes a ₹2.38 per share interest penalty mandated by the Securities and Exchange Board of India (SEBI) due to delays in regulatory approvals. The total estimated consideration for the transaction is around ₹11,735.33 crore (approximately $1.4 billion USD), assuming full acceptance of the offer. The tendering period for this open offer will commence on June 1, 2026, and conclude on June 12, 2026, with payments expected to be completed by June 29, 2026. This acquisition is part of Emirates NBD's broader strategy to gain a controlling stake in RBL Bank, which has been valued at around $3 billion. Following the completion of the transaction, RBL Bank will function as a foreign bank subsidiary, with Emirates NBD expected to hold at least 51% of its shares. RBL Bank has shown significant growth, with its standalone net profit surging by 234.37% in the last quarter.