Issue of Equity

24 Sep 2009 14:48

ALLOTMENT OF EQUITY SHARES REPRESENTING THE UNDERLYING SHARES IN THE FORM OF GLOBAL DEPOSITARY RECEIPTS (GDRs) AND EQUITY SHARES UNDER QUALIFIED INSTITUTIONAL PLACEMENT (QIP) TO INVESTORS AND PREFERENTIAL ISSUE OF SHARES TO INDIAN FINANCIAL INSTITUTIONS

Axis Bank has today made allotment of the following :

3,30,44,500 equity shares @ Rs. 906.70 per share inclusive of premium of Rs.896.70 per share by way of Qualified Institutional Placement (QIP) to QIBs.

50,55,500 Global Depositary Receipts (GDRs), each GDR representing one (1) underlying fully paid up equity share @ Rs. 906.70 per share inclusive of premium of Rs. 896.70 per share to investors.

39,76,632 equity shares to Life Insurance Corporation of India and The New India Assurance Company Limited @ Rs. 906.70 per share inclusive of premium of Rs. 896.70 per share.

You are requested to take the above on record.