IndusInd Bank Ltd. — Capital/Financing Update 2021

Sep 29, 2021

September 29, 2021

National Stock Exchange of India Ltd. (Symbol: INDUSINDBK)

BSE Ltd. (Scrip Code: 532187)

India International Exchange (Scrip Code: 1100027)

Madam / Dear Sir,

Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations)

In compliance with Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, we wish to inform that the Bank had yesterday, i.e., September 28, 2021, pursuant to Invocation of Pledge of Shares, acquired 50,00,000 Equity Shares of MCLEOD RUSSEL INDIA LIMITED.

We place below the details with respect to Invocation of the Pledged Shares.

Sr.No.	Particulars	Details
	Name of the Target Entity:	MCLEOD RUSSEL INDIA LIMITED
1.	Size (Net Worth / Assets) asperlatestBalanceSheet–March 31, 2021:	NetWorth-Rs. 161,904 lakhs
	Turnover(latestavailable)-fortheyearendedMarch31,2021:	Rs.111,187 lakhs
2.	WhethertheacquisitionwouldfallwithinRelatedPartyTransaction(s)andwhetherthepromoter/promotergroup/groupcompanieshaveanyinterestintheentitybeingacquired?	NotApplicable.
	Is yes, nature of interest anddetailsthereofandwhetherthesameisdoneat"Arm'sLength."
3.	Industrytowhichtheentityacquiredbelongs:	TeaPlantations

4.	Objects and effects of acquisition (includingbut not limited to, disclosure of reasons foracquisition of target entity, if its business isoutside the main line of business of the listedentity):	The Equity Shares of McLeod Russel India Ltd.held by Ichamati Investments Limited werepledged with the Bank for securing theoutstanding dues of Mcleod Russel India Limited(MRIL), the Borrower Company. The Bank hasinvoked the pledge held on the aforesaid sharesfor recovery of its dues from MRIL.
5.	Brief details of any governmentalorregulatory approvals requiredfortheacquisition:	Not Applicable.
6.	Indicative time period for completion ofthe acquisition:	Shares have been acquired upon invocation ofpledge.
7.	Nature of consideration - whether cashconsideration or share swap and details ofthe same:	Not Applicable.
8.	Cost of acquisition or the price at which theshares are acquired:	Not Applicable.
9.	Percentage of Shareholding/ controlacquired and / or number of shares acquired:	50,00,000 Equity Shares forming 4.79% of Paid-up Equity Share Capital of the BorrowerCompany.
10.	Brief background about the entity acquiredin terms of products / line of businessof incorporation,acquired,datehistory of last 3 years turnover, country inwhich the acquired entity has presence andany other significant information (in brief):	McLeod Russel India Limited ("the Company")is a public company limited by shares,incorporated in the year 1998 and domiciled inIndia with its Registered Office in Four MangoeLane, Surendra Mohan Ghosh Sarani, Kolkata,West Bengal, 700001. The shares of the companyare listed in National Stock Exchange of IndiaLtd. (NSE) and Bombay Stock Exchange (BSE).The Company is engaged in cultivation $&$manufacturing of tea and has thirty-one teaestates in the Assam Valley and two in theDooars region of West Bengal, three factories inVietnam and six estates in Uganda.

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IndusInd Bank Limited, Building No. 7, Solitaire Corporate Park, Andheri-Ghatkopar Link Road,Chakala, Andheri E, Mumbai - 400 093, India. Tel: (0022) 66412200

Registered Office: 2401 Gen. Thimmayya Koad, Pune 411 001, India Tel.: (020) 2634 3201 Fax: (020) 2634 3241 Visit us at www.indusind.com CIN: L65191PN1994PLC076333

	Turnover for the last three financial years (standalone
	basis):
	2020-21: Rs.111,187 lakhs
	2019-20: Rs.85,640 lakhs
	2018-19: Rs.130,992 lakhs

Note: The aforesaid details about the Target Entities have been provided on the basis of publicly available information.

We also wish to inform you that the Bank has yesterday sold the entire holdings of 50,00,000 Equity Shares of McLeod Russel India Ltd.

This disclosure is being made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

A copy of this disclosure is being uploaded on the Bank's website at www.indusind.com

We request you to take the above information on record.

Thanking you,

Yours faithfully, For IndusInd Bank Ltd.

HARESH KISHINCHAN D GAJWANI Digitally signed by HARESH KISHINCHAND GAJWANI Date: 2021.09.29 15:05:51 +05'30'

Haresh Gajwani Company Secretary