Mumbai, Oct. 24 -- The private lender stated that every warrant issued carries a right to subscribe to one fully paid up equity share of the bank.

Further, the bank's board has approved the grant of a special right to Asia II Topco XIII (or the 'investor') to nominate one retiring non-executive director on the board upon exercise of all the warrants by the investor and subject to the investor holding at least 5% of the paid-up share capital of the bank.

The board has approved the convening of the extra ordinary general meeting (EGM) of the shareholders of the bank on 19 November 2025 to seek the approval of the shareholders for the preferential issue and grant of a special right to the investor to nominate a director on the board and ot...