IDBI Bank Ltd — Capital/Financing Update 2021

Jul 27, 2021

	27 0:leij 2021
The Manager (Listing)	The Manager (Listing)
BSE Ltd.,	National Stock Exchange of India Ltd.,
25th Floor, Phiroze Jeejeebhoy Towers,	Exchange Plaza, 5th Floor,
Dalal Street, Fort,	Plot No. C/1, G Block,
Mumbai — 400 001	Bandra Kurla Complex, Bandra(E),
	Mumbai — 400 051

S.No.	Particulars	Details
a)	Name of the target entity, details in brief	IBBIC Private Limited
	such as size, turnover etc
		Date of Incorporation: May 25, 2021
b)	Whethertheacquisitionwouldfall	Investment in IBBIC does not constitute
	within related party transaction(s) and	a related party transaction. The Bank's
	whether the promoter/ promoter group/	promoter / promoter group does not hold
	group companies have any interest in the	any interest in IBBIC.
	entity being acquired? If yes, nature of	IDBI Bank and its subsidiaries in the
	interest and details thereof and whetherthe same is done at "arm's length"	normal course of business may havebusiness dealings with IBBIC at an
		arm's length.
c)	Industrytowhichtheentitybeing	IBBIC has been incorporated with the
	acquired belongs	object to engage in the business of
		designing, building, implementing, and
		commercializingdistributedledger
		technology ("DLT") solutions including
		development of DLT platforms and
		applications, ventures for the financial
		services sector.
d)	Objectsandeffectsofacquisition	Equity ownership of IBBIC is aimed at
	(including but nct limited to, disclosure	providingDLTsolutionsforthe
	of 'reasonsforacquisitionof target	financial services sector.
	entity, if its business is outside the main
	line of business of the listed entity)
e)	Brief details of any governmental or	Since the acquisition of shareholding is
	regulatory approvals required for the	below 10%, no regulatory approval is
	acquisition	required.
0	Indicative time period for completion of	July 26, 2021
	the acquisition
g)	Nature of consideration - whether cash	CashconsiderationofZ5,00,000/-
	consideration or share swap and details	(Rupees Five Lakhs Only).
	of the same

h)	Cost of acquisition or the price at which	Z 10 per Equity share of IBBIC.
	the shares are acquired
i)	Percentageof shareholding / control	Postinvestment,IDBIBankholds
	acquired and / or number of shares	5.55% of the equity share capital of
	acquired;	IBBIC directly by way of subscription to
		50,000 Equity shares of face value of
		? 10 each fully paid up.
j)	Briefbackgroundabouttheentity	Date of Incorporation: May 25, 2021.
	acquired in terms of products / line ofbusiness acquired, date of incorporation,history of last 3 years turnover, countryinwhichtheacquiredentityhaspresenceandanyothersignificantinformation (in brief);	IBBIC is in the business of designing,building,implementing,andcommercializingdistributedledgertechnology ("DLT") solutions for thefinancial services sector.
		History of last 3 years' turnover: Not
		applicable
		Country of presence: India.