Indian Bank — Capital/Financing Update 2021

Jul 27, 2021

Indian Bank	254-260, 31M quv-kikk
Zr1101414ALLAHABAD	-600 014
fadYi~ tr-4-N TaT	Corporate Office
INVESTOR SERVICES CELL	254-260, Avvai Shanmugam Salai
k-4-ffr-*`z/website:www.indianbank.in/e-mail :ibinvestorrelations@indianbank.co.in	Royapettah, Chennai - 600 014vinsr/Phone: 044-28134076/28134698/ 28134484

The Vice President	The Vice President
National Stock Exchange of India Ltd.	BSE Ltd.
Exchange Plaza,	25, P. J. Towers
Bandra- Kurla Complex	Dalal Street, Mumbai-400001
Bandra East, Mumbai-400 051
NSE Symbol: INDIANB	BSE Scrip Code- 532814

a.	Name of the target entity, details in	IBBICPrivateLimited("IBBIC").
	brief as size, turnover etc.	IBBIC was incorporated on May 25, 2021.
b.	Whether the acquisition would fall	This transaction of acquisition of shares
	withinrelatedparty transaction(s)	doesnotconstitutearelatedparty
	and whether the promoter/ promoter	transaction.
	group/ group companies have any
	interest in the entity being acquired?	As on date, the Bank's promoters do not
	If yes, nature of interest and details	haveanyinterestinIBBIC.
	thereof and whether the same is
	done at "arm's length"	TheBankanditssubsidiariesinthe
		ordinary course of business may have
		business dealings with IBBIC at an arm's
		length.
c.	Industry to which the entity being	IBBIC has been incorporated with the object
	acquired belongs	to engage in the business of designing,
		building,implementing,and
		commercializingdistributedledger
		technology("DLT")solutionsincluding
		developmentofDLT
		platforms and applications, for the financial
		services sector.

g. h.	Nature of consideration - whethercash consideration or share swapand details of the same Cost of acquisition or the price atwhich the shares are acquired	Cash consideration of 25,00,000/- (RupeesFive Lakh Only). 210 per Equity share of IBBIC.
i.	Percentage of shareholding / control	Post investment, Indian Bank holds 5.55%
	acquired and / or number of shares	of the equity share capital of IBBIC directly
	acquired	by way of subscription to 50,000 Equity
		shares of face value of 210 each fully paid
		up.
j.	Brief background about the entity	DateofIncorporation:May25,2021.
	acquired in terms of products/line of
	business acquired, date of	IBBICisinthebusinessofdesigning,
	incorporation, history of last 3 years	building,implementing,and
	turnover,countryinwhichthe	commercializingdistributedledger
	acquired entity has presence and	technology("DLT")solutionsforthe
	any other significant information (in	financialservicessector.
	brief)
		Historyoflast3years'turnover:Not
		applicable
		Country of presence: India.