Indusind Bank has informed that the Finance Committee of the Board in its meeting held today, has approved the allotment of Equity Shares of IBL to BFIL shareholders; allotment of Share Warrants to Promoters of IBL; and took on record appointment of Catalyst Trusteeship Ltd. to hold fractional entitlements arising from allotment of IBL Shares to the BFIL Shareholders in Trust for purpose of selling on the Stock Exchanges and onward distribution to BFIL shareholders.
The above information is a part of company’s filings submitted to BSE.
