REG - Axis Bank Ltd - Press Release issued by the Reserve Bank of India <Origin Href="QuoteRef">AXBK.NS</Origin>

Axis BankAnnouncement

31/05/2016 15:35

RNS Number : 7772Z
Axis Bank Limited
31 May 2016
Dear Sir(s),
SUB:AXIS BANK receives approval from RBI - FIIs / RFPIs CAN INVEST UP TO 62 PER CENT UNDER PORTFOLIO INVESTMENT SCHEME (PIS) 
REF:REGULATION 30READ WITH PARA B OF SCHEDULE III OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015
Please find attached herewith the Press Release issued by the Reserve Bank of India today, allowing Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) to invest up to 62 per cent of the paid up capital of M/s Axis Bank Ltd. under the Portfolio Investment Scheme (PIS). 
A copy of the RBI Press Release is attached for your ready reference. 
You are requested to take note of above and arrange to bring it to the notice of all concerned. 
Thanking You.
Yours sincerely,
For Axis Bank Limited
Girish V. Koliyote
Company Secretary
Encl.: as above
Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/7772Z_-2016-5-31.pdf

This information is provided by RNS
The company news service from the London Stock Exchange
  END
MSCAKDDBQBKDQPN