INDUSIND BANK LTD. - 532187 - Intimation Under SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20l5, 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.24-07-2020
