Canara Bank — Capital/Financing Update 2021

Jul 28, 2021

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Ref:: SD:195/196/11/12::2021	28.07.2021
The Vice President	The Vice President
BSE Ltd.	Listing Department
Phiroze Jeejeebhoy Towers	National Stock Exchange of India Ltd
Dalal Street	EXCHANGE PLAZA
MUMBAI - 400 001	Bandra-Kurla Complex, Bandra [E]
	MUMBAI - 400 051

Dear Sir/Madam,

Sub : Supplemental disclosure under Regulation 30 read with para A of part A of Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, as amended

Further to the disclosure dated November 20, 2020 made by the Bank under the SEBI Listing Regulations, we wish to inform that the Bank has subscribed to 50,000 Equity Shares of the face value of Rs. 10/- each fully paid up of IBBIC Private Limited ("IBBIC") for a consideration of Rs. 10 per equity share constituting 5.55% of the issued and paid up capital oflBBIC.

Pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to provide the following disclosures with respect to the above:

a.	Name of the target entity, details	LimitedIBBICPrivate("IBBIC").
	in brief such as size, turnover etc.
		JBB[C was incorporated on May25, 2021
b.	Whether the acquisition would fallwithin related party transaction(s)andwhetherthepromoter/promoter group/ group companieshave any interest in the entitybeing acquired? If yes, nature ofinterest and details thereof andwhethertheisdoneatsame"arm's length"	This transaction of acquisition of shares does notconstitute a related party transaction.As on date, the Bank's promoters do not haveany interest in IBBIC.The Bank and its subsidiaries in the ordinarycourse of business may have business dealingswith IBBIC at an arm's length.
c.	Industry to which the entity beingacquired belongs	IBBIC has been incorporated with the object toengage in the business of designing, building,implementing, and commercializing distributedledger technology ("DL T") solutions includingdevelopment of DL T platforms and applications,ventures for the financial services sector.
d.	Objects and effects of acquisition(includingbutlimitednotto,disclosureofforreasonsacquisition of target entity, if itsbusiness is outside the main line of	Equityownershipof IBBICisaimedatprovidingsolutionsforthefinancialDL Tservices sector.	��tl,i:-1-�/',RA s*�1,--t-
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e.	Brief details of any governmental	Since the acquisition of shareholding is below
	or regulatory approvals required	10%, no regulatory approval is required.
	for the acquisition
f.	Indicativetimeperiodfor	July 26, 2021
	completion of the acquisition
g.	Nature of consideration -whether	Cash consideration of Rs. 5,00,000/-
	cash consideration or share swap	(Rupees Five Lakhs Only).
	and details of the same
h.	Cost of acquisition or the price at	Rs. 10 per Equity share of IBBIC.
	which the shares are acquired
I.	PercentageofshareholdingI	Post investment, Canara Bank holds 5.55% of
	control acquired and / or number	the equity share capital of IBBIC directly by way
	of shares acquired	of subscription to 50,000 Equity shares of face
		value of Rs. 10 each fully paid up.
J.	Brief background about the entity	Date of Incorporation: May 25, 2021.
	acquired in terms of products/line
	of businessacquired,dateof	IBBIC is in the business of designing, building,
	incorporation, history of last 3	implementing, and commercializing distributed
	years turnover, country in which	ledger technology ("DLT") solutions for the
	the acquired entity has presence	financial services sector.
	andanyothersignificant
	information (in brief)	History of last 3 years' turnover: Not applicable
		Country of presence: India.

You are requested to please take the above on record.

v our�wi�Mfi'� For CANARA BANK

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Ass, WWfi � � 31-. � Wf<l sta n: General Marager & Company Secretarf

VINAYMOHTA COMPANY SECRETARY

�� ,;ru-r;r� 112. ��m�- 560002 E-Mail - hosecretarial@canarabank.com

Secretarial Department Head Office 112 JC Road, Bengaluru • 560002 www.canarabank.com

F +91 80 22248831 T +91 80 22100250