REG - Axis Bank Ltd - RECLASSIFICATION TO PUBLIC CATEGORY FROM PROMOTER

Axis BankAnnouncement

04/03/2021 13:25

RNS Number : 2232R
  
Axis Bank Limited
  
04 March 2021
  
 

AXIS/CO/CS/584/2020-21
 
4th March 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. 4th  March, 2021 received a request letter dated 4th March 2021, from National Insurance Company Limited ("NICL"), one of the Promoters of the Bank, to reclassify NICL 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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