General Announcement::Regulation 30 of SEBI LODR

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
10-Dec-2021 22:05:35
Status
New
Announcement Sub Title
Regulation 30 of SEBI LODR
Announcement Reference
SG211210OTHR2Q0X
Submitted By (Co./ Ind. Name)
IndusInd Bank Limited
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Sub: Approval granted by Reserve Bank of India (RBI) to Life Insurance Corporation (LIC), shareholder of the Bank to increase its stake up to 9.99% of the total issued and paid up share capital of IndusInd Bank Limited (the Bank).

Ref: Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015


We are pleased to inform you that the Bank has received an intimation from the RBI on December 9, 2021, that it has granted its approval to Life Insurance Corporation (LIC), shareholder of the Bank, who holds 4.95% of the total issued and paid up capital of the Bank, to acquire upto 9.99% of the total issued and paid up capital of the Bank, subject to compliance with the Master Direction on 'Prior Approval for Acquisition of Shares or Voting Rights in Private Sector Banks' dated November 19, 2015, Master Direction on 'Ownership in Private Sector Banks' dated May 12, 2016, regulations of the Securities and Exchange Board of India, the Foreign Exchange Management Act, 1999 and any other guidelines/regulations and applicable laws.

Further please note the said approval is valid for a period of one year i.e. up to December 8, 2022.

We request you to kindly take this letter on record and bring it to the notice of all concerned.

Attachments

SEintimationRegulation30ofSEBILODRRBIapprovaltoLIC.pdf
Total size =274K