Axis Bank Limited

Share Issue/Capital Change • Nov 24, 2022

National Storage Mechanism | Additional information

RNS Number : 4871H

Axis Bank Limited

24 November 2022

AXIS/CO/CS/412/2022-23

November 24, 2022

Dear Sir(s),

Sub: Disclosure under regulation 30 read with para A of part A of Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, as amended

This is to inform you that Axis Bank Limited (the "Bank") has entered into an agreement on November 23, 2022 in relation to an initial investment in the seed equity capital of the proposed Joint Venture (JV) of Indian Oil Corporation Limited (IOCL) and Chennai Petroleum Corporation Limited (CPCL) ("Target entity") (to be incorporated).

The information pursuant to Regulation 30 read with para A of part A of Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, as amended read with SEBI circular no. CIR/CFD/CMD/4/2015 dated September 9, 2015, is attached as Annexure A.

This is for your information and records.

Thanking You.

With warm regards,

For Axis Bank Limited

Sandeep Poddar

Company Secretary

Encl.: As above

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