General Announcement::Intimation under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Issuer & Securities

Issuer/ Manager
INDUSIND BANK LIMITED (ACTING THROUGH ITS INTERNATIONAL FINANCIAL SERVICES CENTRE BANKING UNIT)
Securities
INDUSINDBKUS$400M3.875%N220415 - XS1978939079 - JNNB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
25-Jul-2020 21:46:03
Status
New
Announcement Sub Title
Intimation under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Announcement Reference
SG200725OTHRCUDM
Submitted By (Co./ Ind. Name)
Indusind Bank Limited
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you as under:

Route One Investment Company LP, USA (ROIC) is an existing investor holding approximately 4.96% of the issued and subscribed capital of the Bank. ROIC approached the Reserve Bank of India seeking a prior approval to increase their stake in the Bank upto 10%, in accordance with the RBI Master Direction on Prior Approval for Acquisition of Shares in
Private Sector Banks. Basis reference from RBI, the Board of Directors of the Bank, in their meeting held on July 5, 2020, granted its approval to the proposed acquisition of Route One Investment Company, L.P. in our Bank. RBI has forwarded the Bank a copy of the letter addressed to ROIC, granting approval for increasing their shareholding up to 10% of the
paid-up voting equity capital of IndusInd Bank Limited.

We request you to bring the above to the notice of all concerned.

A copy of this letter is being uploaded on the website of the Bank at www.indusind.com

Attachments

SE Intimation under SEBI LODR.pdf
Total size =236K