1. Scrip code : 500325
Name : Reliance Industries Ltd
Subject : Board Meeting Intimation for Board Meeting
RELIANCE INDUSTRIES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/04/2020 ,inter alia, to consider and approve Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), this is to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, April 30, 2020 inter alia to: (a) consider and approve the standalone and consolidated audited financial results of the Company for the quarter / year ended March 31, 2020; (b) recommend dividend on equity shares of the Company; and (c) consider a proposal to issue equity shares to existing shareholders on Rights basis, as may be permitted under applicable law, subject to such regulatory/statutory approvals, as may be required.
2. Scrip code : 532215
Name : AXIS Bank Ltd.
Subject : Announcement under Regulation 30 (LODR)-Acquisition
This is with reference to our letter no. AXIS/CO/CS/981/2019-20 dated 20th February 2020 on ‘Confidentiality and Exclusivity Agreement with Max Financial Service Limited’. We wish to inform you that the Board of Directors at its meeting held on Monday, 27th April 2020, has approved entering into an agreement with Max Financial Services Limited (MFSL) to acquire 29% stake in Max Life Insurance Company Limited. The Bank will acquire shares from Max Financial Services and will sign a Shareholders’ Agreement and a Share Purchase Agreement in relation to the same. The said transaction is subject to satisfaction of conditions precedent, including receipt of regulatory approvals from Reserve Bank of India, Insurance Regulatory and Development Authority of India and Competition Commission of India, among others. The details as required under the Listing Regulations are provided in Annexure A. The press release in this regard is attached herewith.