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| Exchange Received Time 16/06/2017 22:56:39 Exchange Disseminated Time 16/06/2017 22:56:43 Time Taken 00:00:04 | Subject: Acquisition of Equity Shares of Kesoram Industries Limited pursuant to conversion of 'Optionally Convertible Redeemable Preference Shares'
Ref: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sir / Madam,
This is to inform you that the Bank has acquired 75,00,000 Equity Shares of Rs.10 each, pursuant to exercise of conversion option on 'Optionally Convertible Redeemable Preference Shares', i.e., conversion of each Optionally Convertible Preference Share held by the Bank into 10 Equity Shares of Kesoram Industries Limited at a price of Rs.120 per Equity Share.
In view of the above, a disclosure in compliance with above-referred SEBI Regulations is enclosed for your kind perusal and record.
In compliance with Regulation 46, the above information is being hosted on the Bank's website at www.indusind.com.
We request you to take the same on record.
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