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CONFIDENTIALITY AND EXCLUSIVITY ARRANGEMENT

20 Feb 2020 11:02

RNS Number : 6201D
Axis Bank Limited
20 February 2020
 

AXIS/CO/CS/981/2019-20

 

20th February 2020

 

Dear Sir(s),

 

SUB.: CONFIDENTIALITY AND EXCLUSIVITY ARRANGEMENT WITH MAX FINANCIAL SERVICES LIMITED

REF: REGULATION 30 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 (THE LISTING REGULATION)

 

This is to inform you that Axis Bank Limited and Max Financial Services Limited have entered into a confidentiality and exclusivity arrangement to explore a long-term strategic partnership, subject to, inter alia, receipt of applicable regulatory approvals and corporate authorisations, satisfactory completion of due diligence, and execution of definitive documentations.

 

In the event of satisfactory completion of the above requirements, the Bank shall submit the requisite information in accordance with the relevant provisions of Regulation 30 of the Listing Regulations.

 

A copy of the Press Release on the above is enclosed herewith, with a request to take the same on record and bring it to the notice of all concerned.

 

http://www.rns-pdf.londonstockexchange.com/rns/6201D_1-2020-2-20.pdf

 

Thanking You.

 

Yours sincerely,

For Axis Bank Limited

 

 

 

Girish V. Koliyote

Company Secretary

 

Encl.: as above

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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