IDFC FIRST BANK LIMITED

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IDFCFIRSTBANK/SD/122/2021-22

July 27, 2021

The Manager-Listing Department

National Stock Exchange of India Limited

Exchange Plaza, Plot No. C - 1, G - Block Bandra-Kurla Complex, Bandra (East) Mumbai 400 051. Tel No.: 022 – 2659 8237/ 38 NSE - Symbol: IDFCFIRSTB

The Manager-Listing Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai 400 001. Tel No.: 022 – 2272 2039/ 37/ 3121 BSE - Scrip Code: 539437

Sub.: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘SEBI Listing Regulations’).

Dear Sir/ Madam,

Further to our disclosure dated November 20, 2020 under SEBI Listing Regulations, we wish to inform you that IDFC FIRST Bank Limited (‘the Bank ’) has subscribed to 50,000 Equity Shares of 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 of IBBIC.

Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI Listing Regulations, and SEBI circular no. CIR/CFD/CMD/4/2015 dated September 9, 2015, we wish to provide the following disclosure.

S. No.a.b.c.	Particulars	Details
	Name of the target entity, details inbrief such as size, turnover etc.	IBBIC Private LimitedDate of Incorporation: May 25, 2021
	Whether the acquisition would fallwithin related party transaction(s) andwhether the promoter/ promotergroup/ group companies have anyinterest in the entity being acquired?If yes, nature of interest and detailsthereof and whether the same is doneat “arm’s length”.	Investment in IBBIC does not constitute a related partytransaction. The Bank’s promoter / promoter groupdoes not hold any interest in IBBIC.The Bank and its subsidiaries in the normal course ofbusiness may have business dealings with IBBIC at anarm’s length.
	Industry to which the entity beingacquired belongs.	IBBIC has been incorporated with the object to engagein the business of designing, building, implementing,and commercializing distributed ledger technology(“DLT”) solutions including development of DLTplatforms and applications for the financial servicessector.

Naman Chambers, C 32, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051. Tel: +91 22 7132 5500 Fax: +91 22 2654 0354 Registered Office: KRM Towers, 7th Floor, No.1, Harrington Road, Chetpet, Chennai - 600 031. Tel: +91 44 4564 4000 Fax: +91 44 4564 4022 CIN: L65110TN2014PLC097792 [email protected] www.idfcfirstbank.com

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----- Start of picture text ----- d. Objects and effects of acquisition Equity ownership of IBBIC is aimed at providing DLT(including but not limited to, solutions for the financial services sector.disclosure of reasons for acquisition oftarget entity, if its business is outsidethe main line of business of the listedentity).e. Brief details of any governmental or Since the acquisition of shareholding is below 10%,regulatory approvals required for the regulatory approval is not required.acquisition.f. Indicative time period for completion July 26, 2021.of the acquisition.g. Nature of consideration - whether Cash consideration of Rs. 5,00,000/- (Rupees Five Lakhscash consideration or share swap and only) .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. Percentage of shareholding / control Post investment, the Bank holds 5.55% of the equityacquired and / or number of shares share capital of IBBIC through subscription of 50,000acquired . equity shares of face value Rs. 10 each fully paid up.j. Brief background about the entity Date of Incorporation: 25 [th] May 2021.acquired in terms of products/line ofIBBIC is in the business of designing, building,business acquired, date ofimplementing, and commercializing distributed ledgerincorporation, history of last 3 yearstechnology (“DLT”) solutions for the financial servicesturnover, country in which thesector.acquired entity has presence and anyother significant 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.Thanking You.Yours Faithfully,For IDFC FIRST Bank Limited----- End of picture text -----

Thanking You. Yours Faithfully, For IDFC FIRST Bank Limited SATISH ASHOK Digitally signed by SATISH ASHOK GAIKWAD GAIKWAD Date: 2021.07.27 17:08:15 +05'30' Satish Gaikwad

Head – Legal & Company Secretary

AI assistant

IDFC FIRST BANK LIMITED Capital/Financing Update 2021

59433_rns_2021-07-27_1810f399-db8c-47f9-9e6b-2ba4739aa86f.pdf

IDFCFIRSTBANK/SD/122/2021-22

National Stock Exchange of India Limited

Sub.: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘SEBI Listing Regulations’).