In terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Indian Overseas Bank has informed that SEBI has acceded to the request to adopt issuance of up to 24,45,00,000 fresh equity shares directly to permanent employees through Employee Stock Purchase Scheme under SEBI (Share Based Employee Benefit) Regulations, 2014 as a method to comply with MPS norms (copy of SEBI letter dated 4.12.2018 enclosed).
The above information is a part of company’s filings submitted to BSE.