Ashok Leyland Ltd. — Major Shareholding Notification 2021

Feb 5, 2021

==> picture [596 x 79] intentionally omitted <==

NIMF/07/02/2021 February 05, 2021

National Stock Exchange of India Limited Listing Department Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051

Bombay Stock Exchange Limited Corporate Service Department Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001

Sir / Madam,

Sub: Disclosure pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 .

This is to inform you, that we have sold shares of “Ashok Leyland Limited” (on behalf of Nippon India Mutual Fund)

The requisite disclosure in terms of Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 is attached herewith.

Kindly acknowledge the receipt hereof.

Yours truly,

For Nippon Life India Asset Management Limited

(formerly known as Reliance Nippon Life Asset Management Limited)

==> picture [111 x 51] intentionally omitted <==

(Nilesh Pednekar) Chief Manager - Compliance

C.C. The Company Secretary, M/s. Ashok Leyland Limited 7th floor,No. 1, Sardar Patel Road Guindy Chennai - 600032 Phone:044-22206000 Fax: 044-22206001 Email: secretarial@ashokleyland.com; reachus@ashokleyland.com

==> picture [595 x 73] intentionally omitted <==

Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

==> picture [468 x 567] intentionally omitted <==

----- Start of picture text -----

1. Name of the Target Company (TC) Ashok Leyland Limited
2. Name(s) of the acquirer and Persons Acting in Nippon Life India Trustee Limited (formerly
Concert (PAC) with the acquirer known as Reliance Capital Trustee Co Ltd) A/c
through various schemes of Nippon India Mutual Fund
Contact Address:
Nippon India Mutual Fund
4th Floor, Tower A, Peninsula Business
Park, Ganapatrao Kadam Marg, Lower
Parel (W), Mumbai - 400 013.
Tel No. +91 22 6808 7000
Fax No. +91 22 6808 7097
3. Whether the acquirer belongs to No
Promoter/Promoter group
4. Name(s) of the Stock Exchange(s) where the The National Stock Exchange of India Ltd,
shares of TC are Listed BSE Limited
5. Details of the acquisition / disposal as follows Number % w. r. t. total % w. r. t. total
share/ voting diluted share/
capital wherever voting capital of
applicable () the TC ()
Before the Sale under consideration, holding
of :
a) Shares carrying voting rights 8,89,14,080 3.0289 3.0289
b) Shares in the nature of encumbrance (pledge/ - - -
lien/non-disposal undertaking/ others)
c) Voting rights (VR) otherwise than by equity shares
- - -
d) Warrants/convertible securities/any other
instrument that entitles the acquirer to receive
shares carrying voting rights in the T C (specify - - -
holding in each category)
Total (a+b+c+d) 8,89,14,080 3.0289 3.0289
Details of acquisition/ sale
a) Shares carrying voting rights acquired/ sold 14,99,653 0.0511 0.0511
b) VRs acquired /sold otherwise than by shares - - -
c) Warrants/convertible securities/any other
instrument that entitles the acquirer to receive
shares carrying voting rights in the TC (specify - - -
holding in each category) acquired/sold
d) Shares encumbered / invoked/released by the - -
acquirer
Total (a+b+c+d) 14,99,653 0.0511 0.0511
----- End of picture text -----*

==> picture [468 x 309] intentionally omitted <==

----- Start of picture text -----

After the acquisition /sale, holding of:
a) Shares carrying voting rights 8,74,14,427 2.9778 2.9778
b) Shares encumbered with the acquirer - - -
c) VRs otherwise than by shares -
d) Warrants / convertible securities / any other
instrument that entitles the acquirer to receive - -
-
shares carrying voting rights in the TC (specify
holding in each category) after acquisition. - -
Total (a+b+c+d) 8,74,14,427 2.9778 2.9778
6. Mode of acquisition / sale (e.g. open market / off- Open Market
market / public issue / rights issue / preferential
allotment / inter-se transfer etc)
7. Date of acquisition / sale of shares / VR or date of February 03, 2021
receipt of intimation of allotment of shares,
whichever is applicable
8. Equity share capital / total voting capital of the TC Rs. 2,93,55,27,276/- (2,93,55,27,276 shares at the face
before the said acquisition / sale value of Re. 1 per share)
9. Equity share capital/ total voting capital of the TC Rs. 2,93,55,27,276/- (2,93,55,27,276 shares at the face
after the said acquisition / sale value of Re. 1 per share)
10.Total diluted share/voting capital of the TC after Rs. 2,93,55,27,276/- (2,93,55,27,276 shares at the face
the said acquisition / sale value of Re. 1 per share)
----- End of picture text -----

Signature of Authorized Signatory

==> picture [101 x 46] intentionally omitted <==

(Nilesh Pednekar) Chief Manager - Compliance

Place: Mumbai Date: February 05, 2021