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RNS Number : 4871H Axis Bank Limited 24 November 2022
AXIS/CO/CS/412/2022-23
November 24, 2022
Dear Sir(s),
Sub: Disclosure under regulation 30 read with para A of part A of Schedule III
of the SEBI (Listing Obligations & Disclosure Requirements) Regulations,
2015, as amended
This is to inform you that Axis Bank Limited (the "Bank") has entered into an
agreement on November 23, 2022 in relation to an initial investment in the
seed equity capital of the proposed Joint Venture (JV) of Indian Oil
Corporation Limited (IOCL) and Chennai Petroleum Corporation Limited (CPCL)
("Target entity") (to be incorporated).
The information pursuant to Regulation 30 read with para A of part A of
Schedule III of the SEBI (Listing Obligations & Disclosure Requirements)
Regulations, 2015, as amended read with SEBI circular no. CIR/CFD/CMD/4/2015
dated September 9, 2015, is attached as Annexure A.
This is for your information and records.
Thanking You.
With warm regards,
For Axis Bank Limited
Sandeep Poddar
Company Secretary
Encl.: As above
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