| Kotak Mahindra Bank Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Bank will be held on July 27, 2010, inter alia, to transact the following business:
1. Issue and allotment of equity shares on a preferential basis:
- To the issue and allotment of 1,64,00,000 equity shares of the Bank of face value of Rs. 10/- each ('Subscription Shares), representing approximately 4.5% of the paid up capital of the Bank post preferential allotment (where, paid up capital of the Bank, post preferential allotment means, the aggregate of the pre-allotment paid up capital of the Bank as on June 25, 2010 and the Subscription Shares) to Sumitomo Mitsui Banking Corporation, a public limited Company registered under the laws of Japan, with its registered office at 1-2, Yurakucho 1-chome, Chiyoda-ku, 100-0006, Japan ('SMBC) on a preferential basis at a price per equity share of Rs. 833/- (Rupees Eight Hundred Thirty Three only) (Subscription Price) for a total consideration of Rs. 1366,12,00,000/- (Rupees One Thousand Three Hundred Sixty Six Crores and Twelve Lakhs Only) through the Foreign Direct Investment (FDI) route, on such terms and conditions as the Board may deem fit and proper, subject to necessary provisions & approvals.
Kotak Mahindra Bank Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Bank held on July 27, 2010, inter alia, have accorded to the following:
- Authority to the Board to the issue and allotment of 1,64,00,000 equity shares of the Bank of face value of Rs. 10/- each ('Subscription Shares), representing approximately 4.5% of the paid up capital of the Bank post preferential allotment (where, paid up capital of the Bank, post preferential allotment means, the aggregate of the pre-allotment paid up capital of the Bank as on June 25, 2010 and the Subscription Shares) to Sumitomo Mitsui Banking Corporation, a public limited Company registered under the laws of Japan, with its registered office at 1-2, Yurakucho 1-chome, Chiyoda-ku, 100-0006, Japan ('SMBC) on a preferential basis at a price per equity share of Rs. 833/- (Rupees Eight Hundred Thirty Three only) (Subscription Price) for a total consideration of Rs. 1366,12,00,000/- (Rupees One Thousand Three Hundred Sixty Six Crores and Twelve Lakhs Only) through the Foreign Direct Investment (FDI) route, on such terms and conditions as the Board may deem fit and proper, subject to necessary provisions & approvals.
(As Per BSE Announcement Website dated on 27.07.2010) |
| Kotak Mahindra Bank Ltd has informed BSE that an Extra ordinary General Meeting (EGM) of the members of the Bank will be held on August 21, 2007, inter alia, to transact the following:
1. To create, issue, offer and allot, (including with provisions for reservation on firm and / or competitive basis, of such part of issue and for such categories of persons including employees of the Bank as may be permitted), in the course of one or more international or domestic offerings and / or private placements (including on a preferential basis) in domestic and / or one or more international market(s), with or without a green shoe option, Equity Shares of the face value of Rs 10 each ("Equity Shares") and / or Equity Shares through depository receipts provided that the Equity Shares issued do not exceed 1,70,00,000 Equity Shares each in number and up to an aggregate face value of Rs 17 crores (including the issue and allotment of Equity Shares pursuant to a green shoe option, if any), ("Securities") to eligible investors (whether residents and / or non-residents and / or qualified institutional buyers or investors (foreign or otherwise) and / or incorporated bodies, and / or individuals and / or trustees and / or any other categories of investors and / or stabilizing agents or otherwise), through prospectus and / or letter of offer or circular or placement document or any other document at the relevant time(s) of issue of securities, such issue and allotment to be made at such time / times, in one or more tranches, at such price or prices and on such terms and conditions as the Board, may, in its absolute discretion, decide at the time of issue of securities, subject to necessary provisions & approvals.
2. To create, issue, offer and allot Equity Shares, from time to time, to employees of the Bank, as defined in SEBI Guidelines, selected on the basis of criteria prescribed by the Board, ("Eligible Employees"), under the Scheme, such that the creation, issue, offer and allotment of such Equity Shares under the Scheme (not including shares already issued or to be issued pursuant to exercise of grant of options to eligible employees under earlier ESOP Schemes of the Bank) shall not exceed in aggregate (including any Equity Shares issued to employees, as defined in SEBI Guidelines, of the subsidiary Companies of the Bank pursuant to the resolution proposed under item no. 3 below) 2,00,00,000 Equity Shares of the Bank of the face value of Rs 10 each for cash or such adjusted numbers of such face value, as may be determined by the Board, due to change in Capital Structure of the Bank as a result of re-classification of shares, splitting up of the face value of shares, sub-division of shares, issue of bonus shares, conversion of shares into other shares or securities of the Bank and any other change in the rights or obligations in respect of shares.
3. To create, issue, offer and allot Equity Shares, from time to time, to employees, as defined in SEBI Guidelines, of the subsidiary Companies of the Bank, selected on the basis of criteria prescribed by the Board, ("the Eligible Employees"), under the Scheme of the Bank, such that the creation, issue, offer and allotment of such Equity Shares under the Scheme (not including shares already issued or to be issued pursuant to exercise of grant of options to eligible employees under earlier ESOP Schemes of the Bank) shall not exceed in aggregate (including any Equity Shares issued to employees, as defined in SEBI Guidelines, of the Bank pursuant the resolution proposed under item no. 2 above) 2,00,00,000 Equity Shares of the Bank of the face value of Rs 10 each for cash or such adjusted numbers of such face value, as may be determined by the Board, due to change in Capital Structure of the Bank as a result of re-classification of shares, splitting up of the face value of shares, sub-division of shares, issue of bonus shares, conversion of shares into other shares or securities of the Bank and any other change in the rights or obligations in respect of shares.
4. To alter & increase the Authorized Share Capital of the Bank from the present Rs 350,00,00,000 consisting of 35,00,00,000 Equity Shares of Rs 10 each to Rs 400,00,00,000 divided into 40,00,00,000 Equity Shares of Rs 10 each and consequential amendments in the Memorandum of the Bank.
5. Re-appointment of and payment of remuneration to Mr. Uday Kotak as a Whole-time Director of the Bank designated as Executive Vice Chairman and Managing Director in accordance with the applicable provisions of the Companies Act, 1956, and Section 35B of the Banking Regulation Act, 1949 or any amendment thereto or any modifications or statutory re-enactments thereof, the Bank hereby approves, subject to the approval of the Reserve Bank of India, the revised terms of the remuneration payable to Mr. Uday Kotak for the remainder of his current term of office which expires on March 21, 2009, with all other terms and conditions remaining the same.
6. Re-appointment of and payment of remuneration to Mr. C Jayaram as a Whole-time Director of the Bank designated as Executive Director, in accordance with the applicable provisions of the Companies Act, 1956, and Section 35B of the Banking Regulation Act, 1949 or any amendment thereto or any modifications or statutory re-enactments thereto, the Bank hereby approves, subject to the approval of the Reserve Bank of India, the revised terms of the remuneration payable to Mr. C Jayaram for the remainder of his current term of office which expires on December 31, 2008, with all other terms and conditions remaining the same.
7. Re-appointment of and payment of remuneration to Mr. Dipak Gupta as a Whole-time Director of the Bank designated as Executive Director, in accordance with the applicable provisions of the Companies Act, 1956, and Section 35B of the Banking Regulation Act, 1949 or any amendment thereto or any modifications or statutory re-enactments thereto the Bank hereby approves, subject to the approval of the Reserve Bank of India, the revised terms of the remuneration payable to Mr. Dipak Gupta for the remainder of his current term of office which expires on December 31, 2008, as under, with all other terms and conditions remaining the same.
Kotak Mahindra Bank Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Bank held on August 21, 2007, inter alia, have accorded to the following:
1. Authority to the Bank to create, issue, offer and allot, (including with provisions for reservation on firm and / or competitive basis, of such part of issue and for such categories of persons including employees of the Bank as may be permitted), in the course of one or more international or domestic offerings and / or private placements (including on a preferential basis) in domestic and / or one or more international market(s), with or without a green shoe option, Equity Shares of the face value of Rs 10 each ("Equity Shares") and / or Equity Shares through depository receipts provided that the Equity Shares issued do not exceed 1,70,00,000 Equity Shares each in number and up to an aggregate face value of Rs 17 crores (including the issue and allotment of Equity Shares pursuant to a green shoe option, if any), ("Securities") to eligible investors (whether residents and / or non-residents and / or qualified institutional buyers or investors (foreign or otherwise) and / or incorporated bodies, and / or individuals and / or trustees and / or any other categories of investors and / or stabilizing agents or otherwise), through prospectus and / or letter of offer or circular or placement document or any other document at the relevant time(s) of issue of securities, such issue and allotment to be made at such time / times, in one or more tranches, at such price or prices and on such terms and conditions as the Board, may, in its absolute discretion, decide at the time of issue of securities, subject to necessary provisions & approvals.
2. Alteration & increase the Authorized Share Capital of the Bank from the present Rs 350,00,00,000 consisting of 35,00,00,000 Equity Shares of Rs 10 each to Rs 400,00,00,000 divided into 40,00,00,000 Equity Shares of Rs 10 each and consequential amendments in the Memorandum of the Bank.
3. Authority to the Board to create, issue, offer and allot Equity Shares, from time to time, to employees of the Bank, as defined in SEBI Guidelines, selected on the basis of criteria prescribed by the Board, ("Eligible Employees"), under the Scheme, such that the creation, issue, offer and allotment of such Equity Shares under the Scheme (not including shares already issued or to be issued pursuant to exercise of grant of options to eligible employees under earlier ESOP Schemes of the Bank) shall not exceed in aggregate (including any Equity Shares issued to employees, as defined in SEBI Guidelines, of the subsidiary Companies of the Bank pursuant to the resolution proposed under item no. 4 below) 2,00,00,000 Equity Shares of the Bank of the face value of Rs 10 each for cash or such adjusted numbers of such face value, as may be determined by the Board, due to change in Capital Structure of the Bank as a result of re-classification of shares, splitting up of the face value of shares, sub-division of shares, issue of bonus shares, conversion of shares into other shares or securities of the Bank and any other change in the rights or obligations in respect of shares.
4. Authority to the Board to create, issue, offer and allot Equity Shares, from time to time, to employees, as defined in SEBI Guidelines, of the subsidiary Companies of the Bank, selected on the basis of criteria prescribed by the Board, ("the Eligible Employees"), under the Scheme of the Bank, such that the creation, issue, offer and allotment of such Equity Shares under the Scheme (not including shares already issued or to be issued pursuant to exercise of grant of options to eligible employees under earlier ESOP Schemes of the Bank) shall not exceed in aggregate (including any Equity Shares issued to employees, as defined in SEBI Guidelines, of the Bank pursuant the resolution proposed under item no. 3 above) 2,00,00,000 Equity Shares of the Bank of the face value of Rs 10 each for cash or such adjusted numbers of such face value, as may be determined by the Board, due to change in Capital Structure of the Bank as a result of re-classification of shares, splitting up of the face value of shares, sub-division of shares, issue of bonus shares, conversion of shares into other shares or securities of the Bank and any other change in the rights or obligations in respect of shares.
5. Re-appointment of and payment of remuneration to Mr. Uday Kotak as a Whole-time Director of the Bank designated as Executive Vice Chairman and Managing Director in accordance with the applicable provisions of the Companies Act, 1956, and Section 35B of the Banking Regulation Act, 1949 or any amendment thereto or any modifications or statutory re-enactments thereof, the Bank hereby approves, subject to the approval of the Reserve Bank of India, the revised terms of the remuneration payable to Mr. Uday Kotak for the remainder of his current term of office which expires on March 21, 2009, with all other terms and conditions remaining the same.
6. Re-appointment of and payment of remuneration to Mr. C Jayaram as a Whole-time Director of the Bank designated as Executive Director, in accordance with the applicable provisions of the Companies Act, 1956, and Section 35B of the Banking Regulation Act, 1949 or any amendment thereto or any modifications or statutory re-enactments thereto, the Bank hereby approves, subject to the approval of the Reserve Bank of India, the revised terms of the remuneration payable to Mr. C Jayaram for the remainder of his current term of office which expires on December 31, 2008, with all other terms and conditions remaining the same.
7. Re-appointment of and payment of remuneration to Mr. Dipak Gupta as a Whole-time Director of the Bank designated as Executive Director, in accordance with the applicable provisions of the Companies Act, 1956, and Section 35B of the Banking Regulation Act, 1949 or any amendment thereto or any modifications or statutory re-enactments thereto the Bank hereby approves, subject to the approval of the Reserve Bank of India, the revised terms of the remuneration payable to Mr. Dipak Gupta for the remainder of his current term of office which expires on December 31, 2008, as under, with all other terms and conditions remaining the same.
(As Per BSE Announcement Website Dated on 21/08/2007) |