REG - Federal Bank Ltd The - Issue of Equity <Origin Href="QuoteRef">FED.NS</Origin>

Federal BankAnnouncement

03/07/2017 08:20

RNS Number : 8818J
Federal Bank Ltd (The)
03 July 2017
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 paripassu 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 FURTHERTHAT 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 FURTHERTHAT 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 

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