Bharat Electronics Ltd. — Major Shareholding Notification 2019

Jul 24, 2019

RMF/33/7/2019

July 24, 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

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 Limited" (on behalf of 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 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

Disclosures under Regulation 29(1) of SEBI (SubstantialAcquisition 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 inConcert (PAC) with the acquirer	Reliance Capital Trustee Co Ltd A/c throughvarious schemes of Reliance Mutual FundContact Address:Reliance Mutual FundReliance Centre, 7th Floor South Wing, Off WesternExpress Highway, Santacruz (East),Mumbai - 400 055.Tel No. - 022-33031000;Fax No. - 022-33037662
3. WhethertheacquirerbelongstoPromoter/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 as follows	Number	% w. r. t. totalshare/votingcapital whereverapplicable (*)	% w. r. t. totaldilutedshare/voting capital ofthe TC $(**)$
Before the acquisition under consideration,holding of acquirer along with PACs of:
a) Shares carrying voting rights	7,72,04,595	3.1685	3,1685
b) Shares in the nature of encumbrance (pledge/lien/non-disposal undertaking/ others)
c) Voting rights (VR) otherwise than by equityshares
d) Warrants/convertiblesecurities/anyotherinstrument that entitles the acquirer to receiveshares carrying voting rights in the TC (specifyholding in each category)
Total (a+b+c+d)	7,72,04,595	3.1685	3.1685
Details of acquisition
a) Shares carrying voting rights acquired	7,03,70,114	2.8881	2.8881
b) VRs acquired otherwise than by equity shares
c) Warrants/convertiblesecurities/anyotherinstrument that entitles the acquirer to receiveshares carrying voting rights in the TC (specifyholding in each category) acquired
d) Shares in the nature of encumbrance (pledge/lien/non-disposal undertaking/ others)
Total (a+b+c+d)	7,03,70,114	2.8881	2.8881

After the acquisition, holding of acquirer alongwith PACs of:
a) Shares carrying voting rights acquired	14,75,74,709	6.0566	6.0566
b) Shares in the nature of encumbrance (pledge/lien/non-disposal undertaking / others) Sharespledged with the acquirer
c) VRs otherwise than by equity shares
d) Warrants / convertible securities / any otherinstrument that entitles the acquirer to receiveshares carrying voting rights in the TC (specifyholding in each category) after acquisition
Total (a+b+c+d)	14,75,74,709	6.0566	6.0566
6. Mode of acquisition (e.g. open market / publicissue / rights issue / preferential allotment /inter-se transfer/encumbrance, etc.)	Open Market
7. Salient features of the securities acquiredincluding time till redemption, ratio at which itcan be converted into equity shares, etc.	NA
8. Date of acquisition of date of receipt ofintimation of allotment of shares NR/warrants/convertible securities/any otherinstrument that entitles the acquirer to receiveshares in the TC.	July 22, 2019
9. Equity share capital / total voting capital of theTC before the said acquisition	Rs. 2,43,65,92,943/- (2,43,65,92,943 shares at theface value of Rs 1 per share)
10. Equity share capital/ total voting capital of theTC after the said acquisition	Rs. 2,43,65,92,943/- (2,43,65,92,943 shares at theface value of Rs 1 per share)
11. Total diluted share/voting capital of the TC afterthe said acquisition	Rs. 2,43,65,92,943/- (2,43,65,92,943 shares at theface value of Rs 1 per share)

Signature of Authorized Signatory

Muneesh Sud)Chief Legal & Compliance Officer

Place: MumbaiDate: July 24, 2019