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Indusind Bank Ltd. - Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association

| Updated on July 29, 2019 Published on July 29, 2019

NCLT, Mumbai Bench had approved the Scheme of Arrangement amongst Bharat Financial Inclusion Limited, IndusInd Bank Ltd and IndusInd Financial Inclusion Ltd and their respective Shareholders and Creditors (the Scheme) vide its Order dated Jun 10, 2019 (the Order). The Scheme was made effective on Jul 4, 2019.

Pursuant to the Order and effectiveness of the Scheme, the Authorised Share Capital of the Bank stands increased from Rs.7000000000, divided into 700000000 Equity Shares of Rs.10 each, to Rs.8570000000, divided into 857000000 Equity Shares of Rs.10 each.

We wish to inform you that the Bank has today, pursuant to the Order and the effectiveness of the Scheme, made requisite filings with the Registrar in order to submit amended Memorandum of Association and Articles of Association (the MoA and AoA), reflecting the new authorised share capital of the Bank.

We are simultaneously making this intimation regarding the change in the MoA and the AoA, for your information and record.

Pdf Link: Indusind Bank Ltd. - Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association

Source : BSE - www.bseindia.com

Published on July 29, 2019
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