Axis Bank tweaks the deal with Max Life; cuts stake purchase plan to 17% from 29%
Axis Bank -- biggest banking channel partner of insurance products for Max Life -- made changes to last month's deal after correspondence from insurance regulator AXIS BANK LTD. - 532215 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
We are pleased to inform that the Bank has allotted 10,000 equity shares of Rs. 2/- each of the Bank on 24th August 2020, pursuant to exercise of stock options under its ESOP Scheme. The paid up share capital of the Bank will accordingly increase from Rs. 612,01,51,068 (306,00,75,534 equity shares of Rs. 2/- each) to Rs. 612,01,71,068 (306,00,85,534 equity shares of Rs. 2/- each). AXIS BANK LTD. - 532215 - Disclosure Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
This is with reference to our earlier disclosure letters dated 20th February 2020, 28th April 2020 and 23rd July 2020 on execution of definitive agreements by Max Financial Services Limited ('Company') with Axis Bank Limited ('Axis Bank') for the sale of 29.002% of equity share capital of Max Life Insurance Company Limited ('Max Life'), a material subsidiary of the Company, to Axis Bank. In this regard, we would like to inform you that following recent developments, Axis Bank now proposes to acquire 17.002% of the equity share capital of Max Life, resulting in total ownership of 18.0% post the transaction. The parties have executed the definitive agreements. Axis Bank and Max Life will shortly approach the respective regulatory authorities, with revised applications for their consideration and approval. The transaction is subject to regulatory approvals. AXIS BANK LTD. - 532215 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Enclosed, please find the schedule of Analyst / Investor meeting / interactions held at Mumbai on 20th August 2020 and 21st August 2020, in terms of the captioned subject. The same is being uploaded on the website of the Bank www.axisbank.com You are requested to take note of above and arrange to bring it to the notice of all concerned. Axis Bank launches platform for alternative work models
GIG-A-Opportunities' to offer greater flexibility, diversity and inclusivity Axis Bank to hire 1,000 employees a year under 'Gig-a-Opportunities' initiative
Stating that people were hesitant in the first place about working from home, Rajesh Dahiya, Executive Director (Corporate Centre), Axis Bank, said but now they have got used to it and this is proving to be very productive and also very efficient AXIS BANK LTD. - 532215 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Enclosed, please find the schedule of Analyst / Investor meeting / interactions held at Mumbai on 19th August 2020, in terms of the captioned subject. The same is being uploaded on the website of the Bank www.axisbank.com You are requested to take note of above and arrange to bring it to the notice of all concerned. AXIS BANK LTD. - 532215 - CLARIFICATION ON NEWS ITEM APPEARING IN ECONOMIC TIMES, DATED 20TH AUGUST 2020
This has reference to the news item appearing in 'The Economic Times', dated 20th August 2020, titled "PE firm Carlyle Readying a Rs. 5k Cr. Cheque for Axis Bank". We would like to clarify that the said news item is speculative and the Bank has not taken any such decision in this regard. As such no disclosure is required to be made under Reg. 30 of the Listing Regulations. We trust this clarifies the matter. You are requested to take note of above and arrange to bring it to the notice of all concerned. AXIS BANK LTD. - 532215 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
We are pleased to inform that the Bank has allotted 9500 equity shares of Rs. 2/- each of the Bank on 17th August 2020, pursuant to exercise of stock options under its ESOP Scheme. The paid up share capital of the Bank will accordingly increase from Rs. 612,01,32,068 (306,00,66,034 equity shares of Rs. 2/- each) to Rs. 612,01,51,068 (306,00,75,534 equity shares of Rs. 2/- each). AXIS BANK LTD. - 532215 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Enclosed, please find the schedule of Analyst / Investor meeting / interactions held at Mumbai on 14th August 2020 in terms of the captioned subject. The same is being uploaded on the website of the Bank www.axisbank.com