IDFC First Bank has informed that it enclosed -Fund Raise: The shareholders of the Bank have approved the resolution for Fund Raise of ? 7,500 crores with an overwhelming majority of 99.18% in favour. The Public institutions have voted 99.38% in favour and Public-Non institutions have voted 98.71% in favour; Authorised Share Capital: The shareholders of the Bank have also approved the resolution for corresponding reclassification of Authorised Share Capital, with 99.38% of votes in favour. The Public institutions have voted 100% in favour and Public-Non institutions have voted 98.72% in favour; The company thank shareholders for the support; Right to nominate Director: Regarding the right to nominate a Director in Articles of Association not receiving requisite majority, the company is confident of working through this matter, and they are also proceeding with seeking other remaining regulatory approvals in parallel.
The above information is a part of company’s filings submitted to BSE.
