The proposed acquisition of stake by Sumitomo Mitsui Banking Corporation in the Bank through a secondary stake purchase from the State Bank of India and 7 other shareholders of the Bank, i.e., Axis Bank Limited, Bandhan Bank Limited, Federal Bank Limited, HDFC Bank Limited, ICICI Bank Limited, IDFC First Bank Limited and Kotak Mahindra Bank Limited .
Further to the above, we wish to inform that SMBC has intimated the Bank that the Proposed Transaction has been approved by the Competition Commission of India .
Further, the consummation of the above referred Proposed Transaction is subject to customary conditions precedent as mentioned in the agreements referred in our intimation
dated May 09, 2025