Axis Bank Limited — Capital/Financing Update 2018

Oct 26, 2018

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AXIS/CO/CS/609/2018-19

26th October 2018

Shri Kautuk Upadhyay The Chief Manager (Listing & Compliance) National Stock Exchange of India Limited Exchange Plaza, 5th Floor Plot No. C/1, "G" Block Bandra-Kurla Complex Sandra (EJ, Mumbai- 400 051

Shri Khushro Bulsara The Deputy General Manager (Listing) BSE Limited 1st Floor, New Trading Ring, Rotunda Building P. J. Towers, Dalal Street Fort, Mumbai-400 001

NSE Code: AXISBANK

BSE Code: 532215

Dear Sir(s),

SUB: EXECUTION OF AGREEMENT FOR SALE OF EQUITY STAKE

REF: REGULATION 30 READ WITH PARA A OF SCHEDULE Ill OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS} REGULATIONS, 2015

With reference to our previous announcement dated 8th February 2018 (AXIS/CO/CS/857/2017-18) and pursuant to exercise of pre-emption rights under charter documents, the earlier agreement for sale of 20,00,000 shares of face value of Rs. 1 O per share of National Securities Depository Limited ("NSDL" or the "Entity") stands terminated. Further, the Bank has executed an agreement for sale of 19 ,79 ,900 equity shares at Rs. 825/- per share with HDFC Bank, resulting in a total cash consideration of Rs. 163.34 crores ("Transaction"), subject to requisite approvals and charter documents of the Entity. '

The details as required under the Listing Regulations are given as under:

Sr.	Pariculars	Details
No.
1.	Name and Details of Target Entity	National Securities Depositor Limited
		Total Assets: INR 798 crores	(FY 2018)
		Total Income:INR 310 crores (FY 2018)
2.	Whether the transaction would fall	This agreement does not	constitute a
	within related pary transactions? If yes,	related pary transaction
	whether the same is done at"arms
	length"?
3.	Whether, the promoter /promoter	N.A.
	group/ group companies have any
	interest in the entity being acquired? If
	yes, nature of interest and details
	thereof
4.	Industr to which the entity belongs	NSDL is primarily engaged in the business of
		orovidino depositorserices
5.	Objects and Effects of Acquisition	Divestment of 4.95% stake. Post transaction, the Bank will hold 0.05% stake in NSDL			- ��I1, ! �b �o�� . Q'"f/f • �- <: -
	Ais House, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai 400 025					,•• ,.

Axis House, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai 400 025 REGISTERED OFFICE : "Trishul" - 3rd Floor Opp. Samartheswar Temple, Near Law Garden, Ellisbridge, Ahmedabad - 380006. Telephone No. 079-26409322 Fax No. - 079-26409321 CIN: L65110GJ1993PLC020769 Website - www.axisbank.com

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6.	Brief details of any governmental or	N.A.
	regulator approvals required
7.	Indicative time period for completion of	December 2018
	Transaction
8.	Nature of consideration and details of	Cash Consideration of Rs. 163.34			crores
	the same
9.	Price at which the shares are divested	Rs. 825/- per equity share
10.	Percentage of shareholdingIcontrol	Percentage Holding:	4.95%
	divested andIor number of shares	No of Eguit Shares:	19,79,900
	divested
1 1.	Brief background of the entity (NSDLJ	Date ofIncororation: December 1995
		ProductsLLineof	Business: Depositor
		Serices
		Historcal TuroverIRs.In		crorel:
		Financial 2016		2017	2018
		Year
		Income 223		295	310
		Countr: India

You are requested to take note of above and arrange to bring it to the notice of.ell concerned. Thanking You.

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Axis House, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai 400 025 REGISTERED OFFICE : "Irishul" - 3rd Floor Opp. Samartheswar Temple, Near Law Garden, Ellisbridge, Ahmedabad - 380006. Telephone No. 079-26409322 Fax No. - 079-26409321 CIN: L6511OGJ1993PLC020769 Website - www.axisbank.com