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| Exchange Received Time 23/10/2018 19:40:17 Exchange Disseminated Time 23/10/2018 19:40:20 Time Taken 00:00:03 | Further to our letter Ref No. 461/CO:INRC/2914/SE/2018-19 dated 01.10.2018 enclosing copy of Notice of Extraordinary General Meeting ('EGM') of the Shareholders of the Bank , we inform that Compensation Committee of Board vide Circular Resolution dated 23.10.2018 accorded that % of Discount (part of Pricing Mechanism) on the Purchase/Exercise Price, to be offered to all Eligible Employees of the Bank under Employee Stock Purchase Scheme ('ESPS') of SEBI (SBEB) Regulations, 2014 is determined as a range i.e. up to 25% subject to obtaining Shareholders' Approval in the Extraordinary General Meeting ('EGM') of the Shareholders of the Bank scheduled to be held on Monday, 29th October, 2018 at Manipal.
Please take the same on record.
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