General Announcement::RECLASSIFICATION TO PUBLIC CATEGORY FROM PROMOTER CATEGORY
Issuer & Securities
AXIS BANK LIMITED
Date &Time of Broadcast
Announcement Sub Title
RECLASSIFICATION TO PUBLIC CATEGORY FROM PROMOTER CATEGORY
Submitted By (Co./ Ind. Name)
Description (Please provide a detailed description of the event in the box below)
This is to inform you that the Bank has received today i.e. 27th February 2021, a request letter dated 26th February 2021 from United India Insurance Company Limited ( UIICL ), one of the Promoters of the Bank, to reclassify UIICL to Public category from Promoter category, in accordance with Regulation 31A of the Listing Regulations.
Further, please note that the said letter was placed for the consideration of the Board at its meeting held today (the said meeting was convened earlier and was in progress at the time of receipt of the said request letter). The Board at the said meeting has considered and approved the said request received from UIICL to reclassify it to Public category from Promoter category, subject to the approval of the Stock Exchanges, Statutory/Regulatory Authorities and the Shareholders of the Bank. The certified true copy of the resolution passed by the Board is attached herewith.
Axis Bank_Intimation_United India Insurance Ltd_Request for reclassification -27.02.2021.pdf
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