Kotak Mahindra Bank has informed that the Bank has become one of the initial subscribers to the Memorandum and Articles of Association of IBBIC (IBBIC) (IBBIC is yet to be incorporated and the said company name is subject to approval of Registrar of Companies, Mumbai) on November 20, 2020. Pursuant to Regulation 30 read with para A of part A of Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, as amended read with SEBI circular no. CIR/CFD/CMD/4/2015 dated September 9, 2015, it has provided the disclosure as details are enclosed.
The above information is a part of company’s filings submitted to BSE.
