Bharat Electronics Ltd. — Major Shareholding Notification 2020

Mar 16, 2020

Nippon Life india Asset Management Ltd

NIMF/34/03/2020

March 16, 2020

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 "Bharat Electronics 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)

Muneesh Sud) Chief Legal & Compliance Officer

C.C. The Company Secretary, M/s. Bharat Electronics Limited Outer Ring Road, Nagavara Bangalore - 560045 Phone: 080-2503 9300/ 2503 9266 Fax: 080-2503 9305/ 2503 9233 Email: secretary@bel.co.in

Nippon Life India Asset Management Limited (formerly Reliance Nippon Life Asset Management Limited) Reliance Centre, 7th Floor, South Wing, Off Western Express Highway, Santacruz (East), Mumbai - 400 055. CIN: L65910MH1995PLC220793 Tel: +91 22 4303 1000 | Fax: +91 22 4303 7662 | www.nipponindiamf.com

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

1. Name of the Target Company (TC)	Bharat Electronics 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 Reliance Centre, 7th Floor,
	Off Western Express Highway, Santacruz (East), Mumbai - 400 055.
	Tel No. - 022 - 43031000;
		Fax No. - 022 - 43037662
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 capital wherever	diluted share/ voting capital of
		applicable (*)	the TC $(**)$
Before the Sale under consideration, holding of:
a) Shares carrying voting rights	13,38,15,757	5.4919	5.4919
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)	13,38,15,757	5.4919	5.4919
Details of acquisition/sale
a) Shares carrying voting rights acquired/sold	81,78,440	0.3357	0.3357
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)	81,78,440	0.3357	0.3357

After the acquisition/sale, holding of:
a) Shares carrying voting rights	12,56,37,317	5.1563	5.1563
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)	12,56,37,317	5.1563	5.1563
6. Mode of acquisition / sale (e.g. open market / off-market / public issue / rights issue / preferential allotment / inter-se transfer etc)	Open Market
7. Date of acquisition / sale of shares / VR or date of receipt of intimation of allotment of shares, whichever is applicable		March 12, 2020
8. Equity share capital / total voting capital of the TC before the said asquisition / sale		Rs. 2,43,65,92,943/- (2,43,65,92,943 shares at the face value of Re. 1 per share)
9. Equity share capital/ total voting capital of the TC after the said acquisition / sale		Rs. 2,43,65,92,943/- (2,43,65,92,943 shares at the face value of Re. 1 per share)
10. Total diluted share/voting capital of the TC after the said acquisition / sale		Rs. 2,43,65,92,943/- (2,43,65,92,943 shares at the face value of Re. 1 per share)

Signature of Authorized Signatory

Fedruit

Muneesh Sud)
Chief Legal & Compliance Officer

$\alpha$

Place: Mumbai Date: March 16, 2020