RBI PRESS REL DTD 14/8/13 REG FOREIGN SHAREHOLDING

RBI PRESS RELEASE DATED 14TH AUGUST, 2013 REGARDING FOREIGN SHAREHOLDING

We refer to a Press Release issued by RBI on 14th August, 2013 notifying that the foreign shareholding by Global Depository Receipt (GDR)/ American Depository Receipts (ADR)/Foreign Direct Investment (FDI)/ Non Resident Indian (NRI)/Persons of Indian Origin (PIO)/Foreign Institutional Investors (FIIs) in Axis Bank has crossed the overall limit of 49 per cent of its paid-up capital and that no further purchases of shares of the Bank would be allowed through stock exchanges in India on behalf of GDR/ADR/FDI/NRI/PIO/FIIs. The foreign shareholding in the Bank as on 30th June, 2013 was 48.96% and this includes investments through the FDI route in the form of Global Depository Receipts of 8.08% and other foreign holdings including FIIs of 40.88%. The Bank has filed an application with Foreign Investment Promotion Board for increasing the foreign shareholding limit.