Last checked at 22 Jul 2014 12:11
SUB-DIVISION OF EQUITY SHARES - AXIS BANK - FIXATION OF RECORD DATE
Further to our announcement dated 2nd July, 2014 wherein it was informed that, inter alia, the resolution relating to sub-division of equity shares of the Bank proposed at the 20th Annual General Meeting of the Bank held on 27th June, 2014 was passed with requisite majority, we now wish to inform that the Bank has fixed 30th July, 2014 as the Record Date for the purpose of ascertaining the eligible shareholders who would be entitled to receive 5 (Five) equity shares of nominal value of Rs.2/- each in lieu of 1 (One) equity share of nominal value of Rs.10/- each of the Bank on Sub-division.
Concurrently, the shareholders have also approved the revision in the ratio of Bank's Global Depositary Receipts ("GDRs") to equity shares, due to the sub-division of Equity Shares of the Bank, from the existing 'one GDR representing one underlying equity shares of the Bank' to 'one GDR representing five underlying equity shares of the Bank. You are requested to take the above on record.