Bharat Electronics Ltd. — Major Shareholding Notification 2020

Feb 5, 2020

Nippon Life india Asset Management Ltd

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NIMF/10/02/2020

February 5, 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 purchased shares of "Bharat Electronics Ltd" {on behalf of Nippon India Mutual Fund (formerly known as Reliance Mutual Fund.)}

The requisite disclosure in terms of Regulation 29(1) 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

CC The Company Secretary, M/s Bharat Electronics Ltd Outer Ring Road, Nagavara, Bengaluru, Karnataka, 560045 Phone: 080-25039266.25039300 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

1. Name of the Target Company (TC)	BHARAT ELECTRONICS LTD
2. Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer	Nippon Life India Trustee Limited (formerly known as Reliance Capital Trustee Co Ltd) A/c through various schemes of Nippon India Mutual Fund and the constituent of stocks received from Government of India under CPSE ETF FFO 6 wherein allotment to the investors is still awaited. Contact Address: Nippon India Mutual Fund Reliance Centre, 7th Floor South Wing, Off Western Express Highway, Santacruz (East), Mumbai - 400 055. Tel No. - 022- 43031000; Fax No. - 022- 43037662
3. Whether the acquirer belongs to Promoter/Promoter group	No
4. Name(s) of the Stock Exchange(s) where the shares of TC are Listed	The National Stock Exchange of India Ltd. BSE Limited
5. Details of the acquisition as follows	Number	% w. r. t. total voting share/ wherever capital applicable (*)	% w. r. t. total diluted share/ voting capital of the TC (**)
Before the acquisition under consideration, holding of acquirer along with PACs of:
a) Shares carrying voting rights	8,07,30,204	3.3132	3.3132
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 TC (specify holding in each category)
Total (a+b+c+d)	8,07,30,204	3.3132	3.3132
Details of acquisition
a) Shares carrying voting rights acquired	10,08,00,371	4.1369	4.1369
b) VRs acquired otherwise than by equity 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
d) Shares in the nature of encumbrance (pledge/ lien/non- disposal undertaking/ others)
Total (a+b+c+d)	10,08,00,371	4.1369	4.1369

Disclosures under Regulation 29(1) of SEBI (Substantial
Acquisition of Shares and Takeovers) Regulations, 2011

$\mathcal{A}$

After the acquisition, holding of acquirer along with PACs of:
a) Shares carrying voting rights acquired	18, 15, 30, 575	7.4502	7.4502
b) Shares in the nature of encumbrance (pledge/ lien/non- disposal undertaking / others) Shares pledged with the acquirer
c) VRs otherwise than by equity 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)	18,15,30,575	7.4502	7.4502
6. Mode of acquisition (e.g. open market / public issue / rights issue / preferential allotment / inter-se transfer/encumbrance, etc.)	Open Market
7. Salient features of the securities acquired including time till redemption, ratio at which it can be converted into equity shares, etc.	NA February 03, 2020
8. Date of acquisition of/ date of receipt of intimation of allotment of shares NR/ warrants/convertible securities/any other instrument that entitles the acquirer to receive shares in the TC.
9. Equity share capital / total voting capital of the TC before the said acquisition	Rs. 2,43,65,92,943/- (35,22,25,216 shares at the face value of Rs 1 per share)
10. Equity share capital/ total voting capital of the TC after the said acquisition	Rs. 2,43,65,92,943/- (35,22,25,216 shares at the face value of Rs 1 per share)
11. Total diluted share/voting capital of the TC after the said acquisition	Rs. 2,43,65,92,943/- (35,22,25,216 shares at the face value of Rs 1 per share)

Signature of Authorized Signatory

(Muneesh Sud)
Chief Legal & Compliance Officer

Place: Mumbai
Date: February 05, 2020