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Reclassification of Promoter

22nd Apr 2021 13:24

RNS Number : 3417W
Axis Bank Limited
22 April 2021
 

AXIS/CO/CS/23/2021-22

 

22ndApril 2021

 

Dear Sir(s),

 

SUB.: INTIMATION OF RECEIPT OF A REQUEST LETTER FROM ONE OF THE PROMOTER OF THE BANK FOR RE-CLASSIFICATION TO "PUBLIC" CATEGORY FROM "PROMOTER" CATEGORY.

 

REF.: REGULATION 30 AND 31A OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("LISTING REGULATIONS")

 

This is to inform you that the Bank has today i.e. 22ndApril 2021 received a request letter dated 22nd April 2021,from The New India Assurance Company Limited ("NIACL"), one of the Promoters of the Bank, to reclassify NIACL to "Public" category from "Promoter" category, in accordance with Regulation 31A of the Listing Regulations.

 

The aforesaid request for re-classification will be tabled at the ensuing meeting of the Board of Directors of the Bank and all necessary steps will be undertaken in accordance with Regulation 31A of the Listing Regulations.

 

You are requested to take the above on record and bring this to the notice of all concerned.

 

Thanking You.

 

Yours Sincerely,

For Axis Bank Limited

 

 

 

Girish V. Koliyote

Company Secretary

 

 

 

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MSCUUAURAKUSUAR

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