Notice for the 29th EGM of Fincare Business Services Limited

NOTICE is hereby given that 29th Extra-ordinary general meeting of the members of Fincare Business Services Limited (the “Company”) is scheduled on Friday, November 24, 2023, at 10:30 A.M. at Ground Floor, Bren Mercury, Kaikondanahalli, Sarjapur Main Road, Bengaluru. 

One of the main agenda of the AGM is to approve the proposed scheme of amalgamation of Fincare Small Finance Bank Limited (“Amalgamating Company”) into and with AU Small Finance Bank Limited (“Amalgamated Company”), through a Scheme of Amalgamation (“Scheme”) and To consider and approve the issuance of equity shares by Fincare Small Finance Bank Limited on private placement basis. 

If the resolution to issue equity shares is passed then the company is to offer 3,30,12,639 Equity Shares at a price of   approximately Rs. 212.04 per Equity Share (Face value of Rs. 10/-) each and at a premium of Rs.202.04 per Equity Share for a total consideration of Rs. 699,99,99,973.56 /- on a private placement basis to Fincare Business Services Limited