RBL Bank share price, Oct. 20 -- Shares of private sector lender RBL Bank jumped over 6.5% to a fresh 52-week high following the announcement of stake acquisition by Emirates NBD, and a subsequent open offer.

The deal, amounting to Rs.26,850 crore ($3 billion), is the largest ever foreign direct investment in the Indian financial services sector.

As part of the investment, Emirates NBD will acquire a 60% stake in RBL Bank via a preferential issue at Rs.280 per share. This is at a 6.5% discount to the stock's last close.

As part of this transaction, Emirates NBD will also make a mandatory open offer for the purchase of up to 26% stake from the public shareholders of RBL Bank, in accordance with SEBI's Takeover Regulations.

Furthermore,...