|Oversubcription for Offer for Sale for Axis Bank Ltd
This is in continuation of the Exchange notice no. 20210518-41 and 20210518-49 dated May 18,2021 for Offer for Sale (OFS) whereby the “Seller”, the Specified Undertaking of the Unit Trust of India (“SUUTI”) proposed to sell up to 36,000,000 (1.21%) equity shares of the Company of face value of Rs. 2/- each with an option to additionally sell up to 22,078,568 (0.74%) equity shares of Axis Bank Ltd (“ The Company”).
The Seller, the Specified Undertaking of the Unit Trust of India (“SUUTI”) has informed the Exchange of its intention to exercise the Oversubscription Option to the extent of 2,20,78,568 Equity Shares (representing 0.74% of the total issued and paid-up equity share capital of the Company as on March 31, 2021, excluding Equity shares underlying depository receipts) in addition to 3,60,00,000 Equity Shares of the Company, (representing 1.21% of the total issued and paid-up equity share capital of the Company as on March 31, 2021, excluding Equity shares underlying depository receipts) forming part of the Base Offer Size. Accordingly, the total Offer Size will be up to 58,078,568 Equity Shares (representing 1.95% of the total paid up equity share capital of the Company) of which up to 5,807,857 would be available as part of the Offer Shares for the Retail Category on T+1 day, i.e. May 20, 2021.
A copy of the letter dated May 19, 2021 submitted by the Seller is attached for information.
Listing Sales & Ops
May 19, 2021