GDR Policy

Summary by AI BETAClose X

Axis Bank Limited's Board of Directors approved on October 15, 2025, an Amended and Restated Deposit Agreement concerning its Global Depositary Receipts (GDRs). The amendments include granting voting rights to GDR holders, contingent upon demonstrating compliance with Section 12B of the Banking Regulation Act, 1949, and related guidelines. This approval is subject to the Reserve Bank of India's consent. The board meeting, where this decision was made, commenced at 11:30 am (IST) and concluded at 6:50 pm (IST).

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