The Bank would like to inform you that the Bank has received an intimation from RBI on July 5, 2023, that it has granted its approval to Tata Asset Management Private Limited to acquire aggregate holding of up to 7.5% of the paid-up equity capital of the Bank through the schemes of Tata Mutual Fund. The approval is valid for a period of one year from the date of RBI letter. The aforesaid approval by the RBI is subject to compliance with the relevant provisions of Banking Regulation Act,1949, Master Direction and Guidelines on Acquisition and Holding of Shares or Voting Rights in Banking Companies dated January 16, 2023 issued by RBI, provisions of the regulations issued by Securities & Exchange Board of India, provisions of the Foreign Exchange Management Act,1999 and any other guidelines, regulations and statutes as applicable. TAMPL is also advised by the RBI to ensure that its aggregate shareholding in the Bank shall not exceed 7.5% of the paid-up capital of the Bank at all times.