IDBI Bank has informed that consequent to allotment of shares under Final Tranche II, thereby completing the acquisition of 51% controlling stake by LIC in the bank, amendment in Articles of Association (as per Annexure 1), as approved by the shareholders through Postal Ballot on November 07, 2018 and as filed with MCA through Form MGT 14 on December 3, 2018, has come into effect on January 21, 2019. The above intimation on record is in terms of Regulation 30 of the SEBI (LODR) Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.
