Bharat Electronics Ltd. — Major Shareholding Notification 2019

Oct 4, 2019

NIPPON LIFE ASSET MANAGEMENT LTD

RMF/14/10/2019

October 04, 2019

National Stock Exchange of India Limited Listing Department Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051

BSE 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 Ltd" (on behalf of Nippon India Mutual Fund {formerly Reliance 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 Reliance Nippon Life Asset Management Limited

Sehul

(Muneesh Sud) Chief Legal & Compliance Officer

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

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 1001 | Fax: +91 22 4303 7662 | www.reliancemutual.com Reliance Capital & Nippon Life Group

Joint Venture between

1. Name of the Target Company (TC)	$\sim$ . The private the property of $\sim$ $\sim$ $\sim$ $\sim$ $\sim$ $\sim$ $\sim$ $\sim$BHARAT ELECTRONICS LTD
2. Name(s) of the acquirer and Persons Acting inConcert (PAC) with the acquirer	Reliance Capital Trustee Co Ltd A/c throughvarious schemes of Nippon India Mutual Fund(formerly Reliance Mutual Fund)Contact Address:Nippon India Mutual FundReliance Centre, 7th Floor South Wing, Off WesternExpress Highway, Santacruz (East),Mumbai - 400 055.Tel No. - 022- 43031000; Fax No. - 022- 43037662
3. WhetherthebelongstoacquirerPromoter/Promoter group	No
4. Name(s) of the Stock Exchange(s) where theshares of TC are Listed	The National Stock Exchange of India Ltd,BSE Limited
5. Details of the acquisition / disposal as follows	Number	% w. r. t. totalshare/votingcapitalwhereverapplicable (*)	% w. r. t. totaldilutedshare/voting capital ofthe TC $(**)$
Before the Sale under consideration, holdingof :
a) Shares carrying voting rights	9,88,74,046	4.0579	4.0579
b) Shares in the nature of encumbrance (pledge/lien/non-disposal undertaking/ others)
c) Voting rights (VR) otherwise than by equityshares
otherd) Warrants/convertiblesecurities/anyinstrument that entitles the acquirer to receiveshares carrying voting rights in the T C (specifyholding in each category)
Total (a+b+c+d)	9,88,74,046	4.0579	4.0579
Details of acquisition/sale
a) Shares carrying voting rights acquired/sold	84,257	0.0035	0.0035
b) VRs acquired /sold otherwise than by shares
c) Warrants/convertiblesecurities/anyotherinstrument that entitles the acquirer to receiveshares carrying voting rights in the TC (specifyholding in each category) acquired/sold
d) Shares encumbered / invoked/released by theacquirer
Total (a+b+c+d)	84,257	0.0035	0.0035

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

9,87,89,789	4.0544	4.0544
		$\overline{\phantom{a}}$
9,87,89,789	4.0544	4.0544
Open Market
October 01, 2019
Rs. 2,43,65,92,943/- (2,43,65,92,943 shares at theface value of Re. 1 per share)
Rs. 2,43,65,92,943/- (2,43,65,92,943 shares at theface value of Re. 1 per share)
Rs. 2,43,65,92,943/- (2,43,65,92,943 shares at theface value of Re. 1 per share)

Signature of Authorized Signatory

VEOLILL (Muneesh Sud)Chief Legal & Compliance Officer $\frac{1}{2}$

Place: Mumbai Date: October 04, 2019