| Offer for Sale for Axis Bank Limited |
This is in continuation of the Exchange notice no. 20190211-36 dated February 11, 2019 for Offer for Sale (OFS) by the Seller “The Specified Undertaking of the Unit Trust of India” to sell up to 50,759,949 equity shares of the Company (“Axis Bank Limited”) of face value of INR 2/- each with an additional option to sell up to 26,337,187 equity shares of Axis Bank Limited.
The Promoter – (“Seller - The Specified Undertaking of the Unit Trust of India”) has informed the Exchange of its intention to exercise the Oversubscription option to the extent of 26,337,187 (1.02% of the paid-up equity share capital of the Company) equity shares of the Company in addition to 50,759,949 (1.98% of the paid-up equity share capital of the Company) equity shares forming part of the Base Offer Size. Accordingly, the Offer Shares will be 77,097,136 (3.00% of the paid-up equity share capital of the Company) equity shares of the Company. Consequently 7,709,714 offer shares would be available as part of the offer on February 13, 2019 to the Retail Investors.
A copy of the letter dated February 12, 2019 submitted by the Administrator of Specified Undertaking of Unit Trust of India, (the “Promoter”) is attached for information.
Bhushan Mokashi
Additional General Manager
Listing Sales & Ops
February 12, 2019 |