3rd Jul 2017 08:18
SD/ F 24/ /2017-18 03rd July 2017
To,
The London Stock Exchange
Dear Sir,
We wish to inform you that the Credit Committee & Investment and Raising Capital Committee (the "Committee") of the Bank at its meeting on 29th June, 2017, approved the issue and allotment of 215,517,241 Equity Shares to eligible QIBs at the issue price of Rs 116/- per Equity Share (including a premium of Rs 114/- per Equity Share), aggregating to Rs. 25,000 million (Rupees Twenty Five Thousand Million Only).
Pursuant to the allotment of Equity Shares in the QIP, the paid-up equity share capital of the Company stands increased to Rs 3,884,577,244/- comprising 1,942,288,622 Equity Shares. Also attaching herewith the extract of the minutes of Credit Committee & Investment and Raising Capital Committee (the "Committee") in which the Issue and allotment of securities under QIP was approved.
We request you to take the above on record.
For The Federal Bank Limited
Girish Kumar G
COMPANY SECRETARY
MINUTES OF THE MEETING OF THE CREDIT COMMITTEE & INVESTMENT AND RAISING CAPITAL COMMITTEE (THE "COMMITTEE") OF THE FEDERAL BANK LIMITED (THE "BANK") HELD ON 29th JUNE 2017 AT 5 P.M AT ZONAL OFFICE, BKC MUMBAI. ZONAL OFFICE, TRIVANDRUM THROUGH VIDEO CONFERENCE FROM TRIVANDRUM
ALLOTMENT OF 215,517,241 EQUITY SHARES UNDER THE QIP ISSUE:
"RESOLVED THAT subject to the Memorandum of Association and the Articles of Association of the Bank, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 (the "SEBI ICDR Regulations") and the provisions of all other applicable laws, rules and regulations, guidelines, circulars, and notifications and pursuant to the resolutions of the Board of Directors of the Bank dated April 28, 2017 authorizing this Committee, the special resolution passed by the shareholders of the Bank by way of postal ballot held on June 7, 2017, the Placement Agreement dated 21st June 2017 and the Placement Document dated 27th June 2017 and pursuant to the applications received from eligible qualified institutional buyers ("QIBs") in the Qualified Institutions Placement under Chapter VIII of the SEBI ICDR Regulations, and Sections 42 and 62 of the Companies Act, 2013 read with Rule 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014 (the "Issue"), the consent and approval of the Committee be and it is hereby accorded for the issue and allotment of 215,517,241 equity shares of face value Rs. 2 each of the Bank (the "Equity Shares") bearing distinctive numbers 1726771382 to 1942288622 (both inclusive) be allotted to successful eligible QIBs, at a price of Rs. 116/- per Equity Share (including share premium of Rs. 114/- per Equity Share), against receipt of full payment of application monies in the escrow account opened for the Issue, aggregating to Rs. 25,000 million (Rupees Twenty Five Thousand Million Only), in accordance with the details specified in the confirmation of allocation note dated 27 June, 2017:
S. No. | Name of the allottee | Number of Equity Shares allotted | Issue price (Rs.) | Total subscription amount received (Rs.) | Distinctive nos. |
1 | BIRLA SUN LIFE INSURANCE COMPANY LIMITED | 1,293,097 | 116 | 149,999,252 | 1844069322 - 1845362418 |
2 | MERRILL LYNCH MARKETS SINGAPORE PTE. LTD | 11,206,890 | 116 | 1,299,999,240 | 1795758778 - 1806965667 |
3 | GREATER INDIA PORTFOLIO | 692,039 | 116 | 80,276,524 | 1874112320 - 1874804358 |
4 | GOLDMAN SACHS INDIA LIMITED | 11,080,021 | 116 | 1,285,282,436 | 1861221959 - 1872301979 |
5 | AVENDUS ABSOLUTE RETURN FUND | 926,712 | 116 | 107,498,592 | 1912903035 - 1913829746 |
6 | STATE BANK OF INDIA | 1,366,127 | 116 | 158,470,732 | 1918336296 - 1919702422 |
7 | RELIANCE VENTURES LIMITED | 1,293,097 | 116 | 149,999,252 | 1915617674 - 1916910770 |
8 | MAHINDRA MUTUAL FUND DHAN SANCHAY YOJANA | 86,200 | 116 | 9,999,200 | 1897728141 - 1897814340 |
9 | AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS LONG TERM EQUITY FUND | 2,320,161 | 116 | 269,138,676 | 1874804359 - 1877124519 |
10 | AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS MIDCAP FUND | 341,902 | 116 | 39,660,632 | 1891714118 - 1892056019 |
11 | AXIS EQUITY ADVANTAGE FUND - SERIES 1 | 700,000 | 116 | 81,200,000 | 1897990621 - 1898690620 |
12 | MIRAE ASSET INDIA OPPORTUNITIES FUND | 442,235 | 116 | 51,299,260 | 1893219102 - 1893661336 |
13 | MIRAE ASSET MUTUAL FUND AC MIRAE ASSET TAX SAVER FUND | 75,000 | 116 | 8,700,000 | 1726771382 - 1726846381 |
14 | IIFL India Growth Fund | 689,655 | 116 | 79,999,980 | 1892529447 - 1893219101 |
15 | IIFL ASSET REVIVAL FUND SERIES 2 | 2,327,582 | 116 | 269,999,512 | 1893830066 - 1896157647 |
16 | IIFL FOCUSED EQUITY STRATEGIES FUND | 431,033 | 116 | 49,999,828 | 1897297108 - 1897728140 |
17 | GOLDMAN SACHS (SINGAPORE) PTE | 556,910 | 116 | 64,601,560 | 1912346125 - 1912903034 |
18 | UTI - Banking Sector Fund | 668,586 | 116 | 77,555,976 | 1904919099 - 1905587684 |
19 | UTI - Top 100 Fund | 194,008 | 116 | 22,504,928 | 1902569925 - 1902763932 |
20 | HDFC TRUSTEE COMPANY LTD. - HDFC PRUDENCE FUND | 9,142,464 | 116 | 1,060,525,824 | 1739006092 - 1748148555 |
21 | HDFC TRUSTEE COMPANY LTD - A/C HDFC BALANCED FUND | 3,516,333 | 116 | 407,894,628 | 1807927350 - 1811443682 |
22 | HDFC TRUSTEE COMPANY LTD - HDFC CAPITAL BUILDER FUND | 703,266 | 116 | 81,578,856 | 1738302826 - 1739006091 |
23 | SUNDARAM MUTUAL FUND - SUNDARAM TAX SAVER (OPEN-ENDED) FUND | 654,023 | 116 | 75,866,668 | 1908295725 - 1908949747 |
24 | SUNDARAM MUTAL FUND A/C SUNDARAM SELECT MIDCAP | 2,708,040 | 116 | 314,132,640 | 1905587685 - 1908295724 |
25 | THE BOEING COMPANY EMPLOYEE RETIREMENT PLANS MASTER TRUST | 45,877 | 116 | 5,321,732 | 1917484386 - 1917530262 |
26 | WILLIAM BLAIR EMERGING MARKETS SMALL CAP GROWTH COLLECTIVE INVESTMENT FUND | 221,582 | 116 | 25,703,512 | 1892307865 - 1892529446 |
27 | WILLIAM BLAIR SICAV | 167,224 | 116 | 19,397,984 | 1786108801 - 1786276024 |
28 | FLORIDA RETIREMENT SYSTEM - WILLIAM BLAIR & COMPANY LLC (EMSC) | 168,729 | 116 | 19,572,564 | 1893661337 - 1893830065 |
29 | OREGON PUBLIC EMPLOYEES RETIREMENT SYSTEM MANAGED THROUGH WILLIAM BLAIR AND COMPANY II | 98,312 | 116 | 11,404,192 | 1897814341 - 1897912652 |
30 | WILLIAM BLAIR EMERGING MARKETS SMALL CAP GROWTH FUND | 251,845 | 116 | 29,214,020 | 1892056020 - 1892307864 |
31 | FIDELITY INVESTMENT TRUST FIDELITY EMERGING MARKETS DISCOVERY FUND | 88,953 | 116 | 10,318,548 | 1786019848 - 1786108800 |
32 | DB INTERNATIONAL ASIA LIMITED | 8,781,600 | 116 | 1,018,665,600 | 1845362419 - 1854144018 |
33 | EMPLOYEES PROVIDENT FUND MANAGED NOMURA ASSET MANAGEMENT | 149,502 | 116 | 17,342,232 | 1861072457 - 1861221958 |
34 | NOMURA INDIA INVESTMENT FUND MOTHER FUND | 17,250,221 | 116 | 2,001,025,636 | 1754164551 - 1771414771 |
35 | THE NOMURA TRUST AND BANKING CO LTD AS THE TRUSTEE OF NOMURA INDIA STOCK MOTHER FUND | 3,396,377 | 116 | 393,979,732 | 1908949748 - 1912346124 |
36 | NOMURA FUND IRELAND PUBLIC LIMITED COMPANY - NOMURA FUND IRELAND - INDIA EQUITY FUND | 1,533,353 | 116 | 177,868,948 | 1838452940 - 1839986292 |
37 | THE NOMURA TRUST AND BANKING CO LTD. AS TRUSTEE OF NITM ASIA OPEN | 84,334 | 116 | 9,782,744 | 1751021179 - 1751105512 |
38 | BIRLA SUN LIFE TRUSTEE COMPANY PRIVATE LIMITED A/C BIRLA SUN LIFE FRONTLINE EQUITY FUND | 5,582,753 | 116 | 647,599,348 | 1786706025 - 1792288777 |
39 | BIRLA SUN LIFE TRUSTEE COMPANY PRIVATE LIMITED A/C BIRLA SUN LIFE TOP 100 FUND | 2,600,000 | 116 | 301,600,000 | 1792288778 - 1794888777 |
40 | BIRLA SUN LIFE TRUSTEE COMPANY PRIVATE LIMITED AC BIRLA SUN LIFE BALANCED 95 FUND | 430,000 | 116 | 49,880,000 | 1786276025 - 1786706024 |
41 | BIRLA SUN LIFE TRUSTEE COMPANY PRIVATE LIMITED A/C BIRLA SUN LIFE BANKING AND FINANCIAL SERVICES FUND (BKFS) | 870,000 | 116 | 100,920,000 | 1794888778 - 1795758777 |
42 | TATA EQUITY OPPORTUNITIES FUND | 1,094,940 | 116 | 127,013,040 | 1749926239 - 1751021178 |
43 | TATA OFFSHORE INDIA OPPORTUNITIES SCHEME | 1,437,716 | 116 | 166,775,056 | 1855868151 - 1857305866 |
44 | TATA BALANCE FUND | 1,777,683 | 116 | 206,211,228 | 1748148556 - 1749926238 |
45 | KUWAIT INVESTMENT AUTHORITY FUND 224 | 2,333,998 | 116 | 270,743,768 | 1783685850 - 1786019847 |
46 | BLACK ROCK INDIA EQUITIES MAURITIUS LIMITED | 3,766,590 | 116 | 436,924,440 | 1857305867 - 1861072456 |
47 | THE MASTER TRUST BANK OF JAPAN LTD AS TRUSTEE OF BLACKROCK INDIA EQUITY FUND | 1,247,482 | 116 | 144,707,912 | 1839986293 - 1841233774 |
48 | KOTAK FUNDS-INDIA MIDCAP FUND | 740,697 | 116 | 85,920,852 | 1843328625 - 1844069321 |
49 | KOTAK INFINITY FUND - CLASS AC | 295,165 | 116 | 34,239,140 | 1916910771- 1917205935 |
50 | ALPS/KOTAK INDIA GROWTH FUND | 77,968 | 116 | 9,044,288 | 1897912653 - 1897990620 |
51 | DSP BLACKROCK EQUITY SAVINGS FUND | 129,742 | 116 | 15,050,072 | 1806965668 - 1807095409 |
52 | DSP BLACKROCK SMALL AND MID CAP FUND | 2,115,354 | 116 | 245,381,064 | 1778891048 - 1781006401 |
53 | DSP BLACKROCK INDIA T.I.G.E.R FUND | 1,692,283 | 116 | 196,304,828 | 1781993567 - 1783685849 |
54 | DSP BLACKROCK TAX SAVER FUND | 987,165 | 116 | 114,511,140 | 1781006402 - 1781993566 |
55 | DSP BLACKROCK OPPORTUNITIES FUND | 1,762,795 | 116 | 204,484,220 | 1777128253 - 1778891047 |
56 | DSP BLACKROCK BALANCED FUND | 2,820,471 | 116 | 327,174,636 | 1774307782 - 1777128252 |
57 | DSP BLACKROCK MIP FUND | 35,256 | 116 | 4,089,696 | 1774272526 - 1774307781 |
58 | IDFC STERLING EQUITY FUND | 1,293,100 | 116 | 149,999,600 | 1872301980 - 1873595079 |
59 | IDFC TAX ADVANTAGE (ELSS) FUND | 517,240 | 116 | 59,999,840 | 1873595080 - 1874112319 |
60 | IDFC BALANCED FUND | 344,826 | 116 | 39,999,816 | 1896952282 - 1897297107 |
61 | BNP PARIBAS ARBITRAGE | 1,787,927 | 116 | 207,399,532 | 1913829747 - 1915617673 |
62 | MORGAN STANLEY (FRANCE) S.A.S. | 278,450 | 116 | 32,300,200 | 1807095410- 1807373859 |
63 | COPTHALL MAURITIUS INVESTMENT LIMITED | 278,450 | 116 | 32,300,200 | 1917205936- 1917484385 |
64 | BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED | 1,724,132 | 116 | 199,999,312 | 1854144019- 1855868150 |
65 | TATA AIA LIFE INSURANCE CO LTD - LIFE EQUITY FUND - ULIF 001 04 02 04 TEL 110 | 862,065 | 116 | 99,999,540 | 1834492105- 1835354169 |
66 | TATA AIA LIFE INSURANCE CO LTD - LARGE CAP EQUITY FUND ULIF 017 07 01 08 TLC 110 | 431,032 | 116 | 49,999,712 | 1841233775- 1841664806 |
67 | DSP BLACKROCK ALTERNATIVE INVESTMENT FUND - CATEGORY III DSP BLACKROCK INDIA ENHANCED EQUITY FUND | 1,268,340 | 116 | 147,127,440 | 1841664807- 1842933146 |
68 | DSP BLACKROCK INDIA ENHANCED EQUITY SATCORE FUND - LONG TERM | 395,478 | 116 | 45,875,448 | 1842933147- 1843328624 |
69 | NATIONAL WESTMINSTER BANK PLC AS TRUSTEE OF THE JUPITER INDIA FUND | 2,857,754 | 116 | 331,499,464 | 1771414772- 1774272525 |
70 | JUPITER SOUTH ASIA INVESTMENT COMPANY LIMITED, SOUTH ASIA ACCESS FUND | 806,033 | 116 | 93,499,828 | 1917530263- 1918336295 |
71 | ICICI PRUDENTIAL BANKING AND FINANCIAL SERVICES FUND | 2,100,146 | 116 | 243,616,936 | 1832391959- 1834492104 |
72 | ICICI PRUDENTIAL FOCUSED BLUECHIP EQUITY FUND | 8,620,690 | 116 | 1,000,000,040 | 1823771269- 1832391958 |
73 | PRUDENTIAL ICICI MUTUAL FUND A/C BALANCED FUND | 8,362,069 | 116 | 970,000,004 | 1811443683- 1819805751 |
74 | ICICI PRUDENTIAL DYNAMIC PLAN | 3,965,517 | 116 | 459,999,972 | 1819805752- 1823771268 |
75 | ICICI PRUDENTIAL TOP 100 FUND | 1,034,482 | 116 | 119,999,912 | 1941254141- 1942288622 |
76 | ICICI PRUDENTIAL GROWTH FUND - SERIES 2 | 656,276 | 116 | 76,128,016 | 1896157648- 1896813923 |
77 | ICICI PRUDENTIAL GROWTH FUND - SERIES 5 | 101,017 | 116 | 11,717,972 | 1896813924- 1896914940 |
78 | ICICI PRUDENTIAL GROWTH FUND - SERIES 6 | 37,341 | 116 | 4,331,556 | 1896914941 - 1896952281 |
79 | ICICI PRUDENTIAL VALUE FUND - SERIES 10 | 553,490 | 116 | 64,204,840 | 1807373860- 1807927349 |
80 | HDFC STANDARD LIFE INSURANCE COMPANY LIMITED | 3,879,304 | 116 | 449,999,264 | 1898690621- 1902569924 |
81 | SBI LIFE INSURANCE COMPANY LIMITED | 2,155,166 | 116 | 249,999,256 | 1902763933- 1904919098 |
82 | BHARTI AXA LIFE INSURANCE COMPANY LTD | 689,649 | 116 | 79,999,284 | 1751105513- 1751795161 |
83 | SBI RESURGENT INDIA OPPORTUNITIES SCHEME | 103,000 | 116 | 11,948,000 | 1941151141- 1941254140 |
84 | SBI MAGNUM TAX GAIN SCHEME | 4,300,000 | 116 | 498,800,000 | 1919702423- 1924002422 |
85 | SBI MAGNUM MIDCAP FUND | 1,725,000 | 116 | 200,100,000 | 1924002423- 1925727422 |
86 | SBI BLUE CHIP FUND | 15,423,718 | 116 | 1,789,151,288 | 1925727423- 1941151140 |
87 | INTEGRATED CORE STRATEGIES ASIA PTE LTD | 2,227,666 | 116 | 258,409,256 | 1889486452- 1891714117 |
88 | CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITED | 11,456,444 | 116 | 1,328,947,504 | 1726846382- 1738302825 |
89 | FIRST STATE INVESTMENTS ICVC -STEWART INVESTORS ASIA PACIFIC FUND | 2,818,047 | 116 | 326,893,452 | 1877124520- 1879942566 |
90 | FIRST STATE INVESTMENTS GLOBAL EMERGING MARKETS LEADERS FUND, A SUB FUND OF THE FIRST STATE INVESTMENTS DELAWARE STATUTORY TRUST | 2,369,389 | 116 | 274,849,124 | 1751795162- 1754164550 |
91 | STEWART INVESTORS GLOBAL EMERGING MARKETS LEADERS FUND | 3,098,770 | 116 | 359,457,320 | 1835354170- 1838452939 |
92 | FIRST STATE INVESTMENTS ICVC -STEWART INVESTORS GLOBAL EMERGING MARKETS LEADERS FUND | 9,543,885 | 116 | 1,107,090,660 | 1879942567- 1889486451 |
"RESOLVED FURTHER that the Equity Shares allotted as above, subject to the provisions of the Memorandum of Association and Articles of Association of the Bank, shall rank pari passu with the existing Equity Shares of the Bank and shall be entitled to such dividends and corporate benefits, if any, declared by the Bank after the allotment and in compliance with the Companies Act, 2013, Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, each as amended, and other applicable laws and regulations."
"RESOLVED FURTHER THAT the above Equity Shares be issued to the allottees in dematerialized form and be credited to their respective demat accounts as detailed in their respective application forms, through corporate action with NSDL/CDSL after obtaining necessary approvals from the Stock Exchanges, as per the details furnished by the respective successful bidders."
"RESOLVED FURTHER THAT the names of the allottees as shown in the allotment statement, which is placed on the table of the meeting, be entered in the Register of Members of the Bank as the members of the Bank."
"RESOLVED FURTHER THAT the return of allotment / PAS 3, and all such other applicable filings as may be required under Companies Act, 2013, as amended and the rules prescribed thereunder and all applicable filings required to filed under the Foreign Exchange Management Act, 1999, as amended and rules prescribed thereunder be filed with the Registrar of Companies, Ernakulam and the Reserve Bank of India, as applicable and as required under the provisions of the Companies Act, 2013, as amended and the Foreign Exchange Management Act, 1999, as amended."
"RESOLVED FURTHER THAT the consent and approval of the Committee be and is hereby accorded for disclosing names of the allottees who have been allotted Equity Shares equal to or more than 5% of the Issue size, a list of which was duly initialed by the Chairman/Managing Director for the purpose of identification, be and is hereby adopted and approved for filing with the BSE Limited and the National Stock Exchange of India Limited where the Equity Shares of the Bank allotted pursuant to the Issue are proposed to be listed.
"RESOLVED FURTHER THAT applications for final listing and trading approvals be made with the BSE Limited and the National Stock Exchange of India Limited for the Equity Shares, which are to be listed on the Stock Exchanges, allotted in the Issue pursuant to the aforesaid resolution."
"RESOLVED FURTHER THAT application be made to the National Securities Depository Limited / Central Depository Services (India) Limited for admission of the said allotted Equity Shares."
"RESOLVED FURTHER THAT Mr. Shyam Srinivasan, MD &CEO, Mr. Ashutosh Khajuria, Executive Director and Mr. Ganesh Sankaran, Executive Director, Directors and Mr. Girish Kumar Ganapathy, Company Secretary be and are hereby severally authorized and empowered to execute relevant documentation for dematerializing the Equity Shares with the National Securities Depository Limited and/or the Central Depository Services (India) Limited."
"RESOLVED FURTHER THAT Mr. Shyam Srinivasan, MD &CEO, Mr. Ashutosh Khajuria, Executive Director and Mr. Ganesh Sankaran, Executive Director, Directors and Mr. Girish Kumar Ganapathy, Company Secretary be and are hereby severally authorized and empowered to sign and submit the letter of application and other deeds, documents, instruments and writings in connection with the listing and trading of such Equity Shares on the BSE Limited and the National Stock Exchange of India Limited and to do all such acts, deeds and things as may be necessary or desirable to give effect to the above resolutions."
"RESOLVED FURTHER THAT the Company Secretary is authorized to certify the true copy of the aforesaid resolution and Placement Document and forward the same to the BSE Limited, the National Stock Exchange of India Limited and/or other concerned authorities for their record and necessary action."
Thanking you,
Yours Faithfully,
For The Federal Bank Limited
Girish Kumar G
Company Secretary
Related Shares:
Federal Bk S