Axis Bank Limited — Capital/Financing Update 2021

Jul 27, 2021

AXIS/CO/CS/189/2021-22

27th July 2021

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

The Senior 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: INVESTMENT IN IBBIC PRIVATE LIMITED BY AXIS BANK

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

This is with reference to our letter no. AXIS/CO/CS/389/2020-21, dated 20th November 2020, on the captioned subject.

We wish to inform you that the Bank has subscribed to 50,000 Equity Shares of face value of Rs. 10/- each fully paid up of IBBIC Private Limited ("IBBIC") for a consideration of Rs. 10 per equity share constituting 5.55% of the issued and paid up capital of IBBIC.

The details as required under the Listing Regulations are provided in Annexure A.

You are requested to take note of above and arrange to bring the same to the notice of all concerned.

Thanking you,

Yours faithfully, For Axis Bank Limited Girish V. Koliyote GIRISH VASUDEVA N KOLIYOTE Digitally signed by GIRISH VASUDEVAN KOLIYOTE Date: 2021.07.27 08:30:46 +05'30'

Company Secretary

Encl: As above.

Details which a listed entity needs to disclose for the events that are deemed to be material as specified in Para A of Part A of Schedule III of Listing Regulations.

1. Acquisition(s) (including agreement to acquire), Scheme of Arrangement (amalgamation/ merger/ demerger/restructuring), or sale or disposal of any unit(s), division(s) or subsidiary of the listed entity or any other restructuring:

1.1. Acquisition (including agreement to acquire):

S. No.	Particulars	Details
a.	Nameofthetargetentity,	IBBIC Private Limited
	details in brief such as size,
	turnover etc.	Date of Incorporation: 25th May 2021
b.	Whether the acquisition wouldfallwithinrelatedpartytransaction(s) and whether thepromoter/promotergroup/group companies have any	Investment in IBBICdoes not constitute arelated party transaction. The Bank's promoter/ promoter group does not hold any interest inIBBIC.
	interestintheentitybeingacquired?Ifyes,natureofinterest and details thereof andwhether the same is done at"arm's length"	AxisBank and its subsidiaries in the normalcourse of business mayhave business dealingswith IBBIC at an arm's length.
c.	Industry to which the entitybeing acquired belongs	IBBICis afinancial technology companywithan objective of providinga platform forexploring,buildingandimplementingDistributed Ledger Technology ("DLT") solutionsforIndian financial services sector
d.	Objectsandeffectsofacquisition (including but notlimited to, disclosure of reasonsfor acquisition of target entity, ifits business is outside the mainline of business of the listedentity)	Equity ownership of IBBIC is aimed at providingDLT solutions for the financial services sector.
e.	Briefdetailsofanygovernmentalorregulatoryapprovalsrequiredfortheacquisition	Since the acquisition of shareholding is below10%, regulatory approval is not required.
f.	Indicativetimeperiodforcompletion of the acquisition	26th July,2021
g.	Natureofconsideration-whether cash consideration orshare swap and details of thesame	Cash considerationof Rs.5,00,000/-(RupeesFiveLakhsonly)
h.	Cost of acquisition or the priceatwhichthesharesareacquired	Rs. 10 per equity share of IBBIC

	Percentage of shareholding /control acquired and / ornumber of shares acquired	Post investment, Axis Bank holds 5.55% of theequity share capital of IBBIC throughsubscription of 50,000 equity shares of facevalue Rs. 10 each fully paid up
$\mathsf{L}$	Brief background about theentity acquired in terms ofproducts/line of businessacquired, dateΟfincorporation, history of last 3years turnover, country in whichacquired entityhastheotherpresence andanysignificant information (in brief)	Date of Incorporation: 25 th May 2021IBBIC is a financial technology company withan objective of providing a platform forbuilding and implementingexploring,Distributed Ledger Technology ("DLT") solutionsfor Indian financial services sector.History of last 3 years turnover: Not ApplicableCountry of presence: India