hs BANK AXIS/CO/CS/179/2016-17 31 May, 2016 The Vice President (Listing & Compliance) National Stock Exchange of Indic Limited Exchange Plaza, Sth Floor Plot No. C/1, "G" Block Bandra-Kurla Complex Bandra (€], Mumbai - 400 051 Attn. Shit Avinash Khorkar ‘The General Manager (Listing) BSE Limited 1#! Floor, New Trading Ring, Rotunda Buiding P, J. Towers, Dalal Street Fort, Mumbai ~ 400 001 ‘Alin. hii Bhushan Mokashi Dear Sirf). SUB: AXIS BANK recelves approval from RBI - Fils / RFPIs CAN INVEST UP TO 62 PER CENT UNDER PORTFOUO INVESTMENT SCHEME (PIS) REF: RE READ WITH P. HEDULE IIL OF T EXCHANGE 1A (LISTING OBI ND DISCLOSURE. TIONS, 2015 Please find attached herewith the Press Release issued by the Reserve Bank of India today, allowing Foreign Institutional Investors (Fils|/Registered. Foreign Portfolios Investors (RFPIs) to Invest up to 62 per cent of the paid up capital of M/s Axis Bank Lic. under the Portfolio Investment Scheme (PIS) ‘A copy of the RBl Press Release is attached for your ready reference. You ore requesied to take note of above and arrange to bring it to the notice of all concemed. Thanking You. Yours sincerely... For Axis Bank Limited ish V. Kollyote: ‘Company Secretory Encl. os above ‘is House, Wadia International Cente, Pndurang Budhiar Marg, Worl, Murmbai 490 025 Tel No:022 24252525 / 43252525. REGISTERED OFFICE : “Tishul” ~ 3a Floor Opp. Samartheswar Temple, Near Law Gorden, Elisbriige, Ahmedabad - 380006. Telephone No, 079-2409322 Fox No, -079-26409321 CIN: L651 16G/1993°1C020769 Website - waw.aasbank.comEccoakacacd RESERVE BANK OF INDIA 2Reage {wart orginhingl ‘are Rear, saferaretoe, ewe ef-s, ‘BART OF COUMONATON, Ce Os, SB Sr aa aa Website: oeborgin ‘S/Phone:91 2 aes O01 Soeeroc 9122 eost Ae hepdace@blocaia May 31, 2016 Fils/RFPIs can now invest up to 62 per cent under PIS in M/s Axis Bank Ltd, ‘The Reserve Bank of India has today notifed that Foreign institutional investors (Flls)fRegistered Foreign Portfolios Investors (RFPIs) can now invest from existing 49 per cent up to 62 per cent of the paid up capital of M/s Axis Bank Ltd. under the Portfolio. Investment Scheme (PIS). ‘The Reserve Bank further notified that the total foreign investment from all sources i.e. Foreign Insfitutional Investors (Fil)/Registered Foreign Portfolios Investors (RFPIs)/Foreign Direct investment (FDI)/Non-Resident indians (NRI)/ Persons of Indian Origin (PIOVAmerican Depository Receipts (ADR)/Global Depository Receipts (GDR) in the bank shall not exceed 62 per cent of paid up capital The Reserve Bank has stated that the company has passed resolutions at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by Flls/RFPIs. The purchases could be mace through primary market and stock exchanges. ‘The Reserve Bank has notified this under FEMA 1999. Ajit Prasad Press Release: 2016-2016/2785 Assistant Adviser