Categories: Banking

Oriental Insurance categorised as public shareholder in Axis Bank

Axis Bank has announced the approval to reclassify Oriental Insurance Company Ltd (OICL) from promoter category to public category shareholder in the bank. In October, applications were made to BSE and NSE for reclassification of The New Oriental Insurance Co to the public category from the promoter category.

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At present, OICL holds a 0.16 per cent stake in Axis Bank. Currently, BSE & NSE gave approval for the reclassification of New Oriental Insurance Company to the public category from the promoter category.

Important takeaways for all competitive exams:

Axis Bank Founded: 3 December 1993;
Axis Bank Headquarters: Mumbai;
Axis Bank MD & CEO: Amitabh Chaudhary;
Axis Bank Chairperson: Rakesh Makhija;
Axis Bank Tagline: Badhti Ka Naam Zindagi.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.