ICRA Limited — Major Shareholding Notification 2020

May 27, 2020

Name of the Target Company (TC)1.		ICRA Limited
2.	Name(s) of the stock exchange(s) where the shares	i.BSE Limited
	of the TC are listed	ii.	National Stock Exchange of India Limited
3.	Particulars of the shareholder(s):
	Name of person(s) together with Personsa.Acting in Concert (PAC) whose total holding(including that in the form of shares, warrants,convertible securities and any other instrumentthat would entitle the holder to receive sharesin the TC) is more than 25% of the votingrights of the TC.or
	Name(s) of promoter(s), member of the 1. Moody's Investment Company India Private$\mathbf{b}$ .promoter group and PAC with him.	Limited	2. Moody's Singapore Pte Ltd
4.	Particulars of the shareholding of person(s)mentioned at (3) above	Number ofshares	% w.r.t. totalshare/votingcapital whereverapplicable	% of total dilutedshare/votingcapital of TC $(*)$
	As of March 31st of the year, holding of:
	Moody's Investment Company India Private Limiteda) Sharesb) Voting Rights (otherwise than by shares)Warrantsc)d) Convertible Securities	30,55,900	31.66%	31.66%
	Any other instrument that would entitle thee)holder to receive shares in the TC.
	Moody's Singapore Pte LtdSharesa)Voting Rights (otherwise than by shares)b)Warrantsc)d) Convertible Securities	19,49,722	20.20%	20.20%
	Any other instrument that would entitle thee)holder to receive shares in the TC.
	Total	50,05,622	51.86%	51.86%

Part B**

Name of the Target Company: ICRA Limited

Name(s) of the person and Persons Whether theActing in Concert (PAC) with the belongs to		Promoter/	person PAN of the person and PACs
person	Promoter group
Moody's Investment Company India Yes
Private Limited
Moody's Singapore Pte Ltd	Yes

For Moody's Investment Company India Private Limited

Oleany Jang.

Chi Fai TANG

Signature of the Authorised Signatory

Place: Hong Kong

Date: May 25 2020

Note:

1. In case of promoter(s) making disclosure under regulation 30(2), no additional disclosure under regulation $30(1)$ is required.

(*) 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.