AXIS BANK LTD. - 532215 - Announcement under Regulation 30 (LODR)-Qualified Institutional Placement
We wish to inform you that the Committee, at its meeting held today, has decided to close the Issue today i.e. 10th August 2020 and has accorded its consent for the issue of 238,038,560 Equity Shares of Rs. 2 each of the Bank at a price of Rs. 420.10 per Equity Share, which is at a discount of 5.00% (i.e. Rs. 22.09 per Equity Share) to the floor price of Rs. 442.19 per Equity Share, determined as per the formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations for an aggregate value of Rs. 100,000 million (including ? 99,524 million towards share premium), in accordance with the provisions of Section 42 of the Companies Act, 2013 and Chapter VI of the SEBI ICDR Regulations. The Committee's meeting which commenced today at 10.50 p.m. concluded at 11.20 p.m. A certified copy of the resolution passed by the Committee for closing of the Issue is enclosed herewith, for your information and records.10-08-2020