Blue Star Ltd — Major Shareholding Notification 2019

Apr 11, 2019

11 April 2019

First State Investment Management (UK) Limited

23 St Andrew Square Edinburgh EH2 1BB

Tel 44 (0) 131 473 2200 Fax 44 (0) 131 473 2222

BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001 India

Dear Sirs.

Re: Initial disclosure of holdings

First State Investment Management (UK) Limited, First State Investments International Limited and First State Investments (Singapore) have a requirement to make an initial disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

By way of background, First State Investments is part of the asset management division of the Commonwealth Bank of Australia, one of Australia's largest financial institutions.

We act as investment manager to both segregated and pooled clients, with a particular focus on Asia Pacific and Global Emerging Markets equities. As part of these strategies, our fund managers have increased parts of their interests in Blue Star Limited, in which we have increased our holdings above the 5% threshold whereby a substantial filing disclosure is required. The settlement date of the transactions increasing our holdings to 5.17% is 10 April 2019.

Please find enclosed a copy of the prescribed form.

Thank you for your attention in this matter.

Yours faithfully.

Name: Anitha Subramanian Title: Head of Accounting and Reporting Operations Place: 35 Tumbalong Boulevard, Haymarket, Sydney NSW 2000, Australia.

Example 12 भारतीय प्रतिभूति और विनिमय बोर्ड
Bi Securities and Exchange Board of India

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

Part-A- Details of the Acquisition

Name of the Target Company (TC)		BLUE STAR LIMITED
Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer		First State Investments International Limited
		First State Investment Management (UK) Limited
		First State Investments (Singapore)
Whether the acquirer belongs to Promoter/Promoter group		No
Name(s) of the Stock Exchange(s) where the shares of TC are Listed		BSE Ltd and National Stock Exchange of India Ltd
Details of the acquisition as follows		Number	% w.r.t. total share/voting capital wherever 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	4,743,909	4.93%	4.93%
	b) Shares in the nature of encumbrance (pledge/lien/ non-disposal undertaking/ others)	0	0.00%	0.00%
	c) Voting rights (VR) otherwise than by equity shares	0	$0.00\%$	0.00%
	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)	0	0.00%	0.00%
	$e)$ Total (a+b+c+d)	4,743,909	4.93%	4.93%
Details of acquisition
	a) Shares carrying voting rights acquired	232,843	0.24%	0.24%
	b) VRs acquired otherwise than by equity shares	$\Omega$	0.00%	0.00%
	c) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each	0	0.00%	0.00%

End भारतीय प्रतिभूति और विनिमय बोर्ड
Bi Securities and Exchange Board of India

	category) acquired
d)	Shares in the nature of encumbrance (pledge/lien/ non-disposal undertaking/ others)	0	$0.00\%$	$0.00\%$
	e) Total $(a+b+c+/-d)$	232,843	0.24%	0.24%
PACs of:	After the acquisition, holding of acquirer along with
	a) Shares carrying voting rights b) VRs otherwise than by equity shares	4,976,752 0	5.17% $0.00\%$	5.17% 0.00%
	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) after acquisition	0	$0.00\%$	0.00%
	d) Shares in the nature of encumbrance (pledge/lien/ non-disposal undertaking/ others)	0	$0.00\%$	0.00%
	e) Total (a+b+c+d)	4,976,752	5.17%	5.17%
Mode of acquisition (e.g. open market / public issue / rights issue / preferential allotment / inter-se transfer/encumbrance, etc.)			Open Market
Salient features of the securities acquired including time till redemption, ratio at which it can be converted into equity shares, etc.			N/A
Date of acquisition of/ date of receipt of intimation of allotment of shares / VR/ warrants/convertible securities/any other instrument that entitles the acquirer to receive shares in the TC.			Trade Date: 8 April 2019; Settlement Date: 10 April 2019
Equity share capital / total voting capital of the TC before the said acquisition			96.313,888
Equity share capital/ total voting capital of the TC after the said acquisition			96,313,888
Total diluted share/voting capital of the TC after the said acquisition			96,313,888

] भारतीय प्रतिभूति और विनिमय बोर्ड
Bi Securities and Exchange Board of India

Signature of the acquirer / Authorised Signatory

For and on behalf of First State Investments International Limited First State Investment Management (UK) Limited First State Investments (Singapore)

Name: Anitha Subramanian

Head of Accounting & Reporting Operations Title:

Place: 35 Tumbalong Boulevard, Haymarket NSW 2000, Australia

Date: 11 April 2019

Note:

(*) Total share capital/voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Clause 35 of the listing Agreement.

(**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC.

(***) Part-B shall be disclosed to the Stock Exchanges but shall not be disseminated.