IndusInd Bank Ltd. — Capital/Financing Update 2021

Jul 27, 2021

Indusind Bank

July 27, 2021

BSE Limited Listing Department Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001

National Stock Exchange of India Limited Listing Department Exchange Plaza, 5th floor Plot No. C/1, G Block Bandra-Kurla Complex Bandra (East) Mumbai 400 051

Sir / Madam,

Subject: Supplemental disclosure under Regulation 30 read with para A of part A of Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")

Further to the disclosure dated November 20th, 2020 made by the Bank under the SEBI Listing Regulations, we wish to inform that the Bank has subscribed to 50,000 Equity Shares of the 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 of the SEBI Listing Regulations, we wish to provide the following disclosures with respect to the above:

a.	Name of the target entity, details inbrief such as size, turnover etc.	IBBIC Private Limited
		IBBIC was incorporated on May 25, 2021.
$b$ .	Whether the acquisition would fallwithin related party transaction(s)and whether the promoter/ promotergroup/ group companies have anyinterest in the entity being acquired?	This transaction of acquisition of shares does notconstitute a related party transaction.As on date, the Bank's promoters do not have any interestin IBBIC.
	If yes, nature of interest and detailsthereof and whether the same isdone at "arm's length"	The Bank and its subsidiaries in the ordinary course ofbusiness may have business dealings with IBBIC at anarm's length.
c.	Industry to which the entity beingacquired belongs	IBBIC has been incorporated with the object to engage inthe business of designing, building, implementing, andcommercializing distributed ledger technology ("DLT")solutions including development of DLT platforms andapplications, for the financial services sector.
d.	Objects and effects of acquisition(including)limitedbutnotto.	Equity ownership of IBBIC is aimed at providing DLTsolutions for the financial services sector.

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

Indusind Bank

	disclosure of reasons for acquisitionof target entity, if its business isoutside the main line of business ofthe listed entity)
e.	Brief details of any governmental orregulatory approvals required forthe acquisition	Since the acquisition of shareholding is below 10%, noregulatory approval is required
f.	Indicativetimeperiodforcompletion of the acquisition	July 26, 2021
g.	Nature of consideration - whethercash consideration or share swapand details of the same	Cash consideration of Rs.5,00,000/- (Rupees Five LakhsOnly).
h.	Cost of acquisition or the price atwhich the shares are acquired	Rs.10 per Equity share of IBBIC.
i.	Percentage of shareholding / controlacquired and / or number of sharesacquired	Post investment, IndusInd Bank holds 5.55% of the equityshare capital of IBBIC directly by way of subscription to50,000 Equity shares of face value of Rs.10 each fully paidup.
j.	Brief background about the entityacquired in terms of products/line ofacquired,businessdateofincorporation, history of last 3 yearsturnover, country in which theacquired entity has presence and anyother significant information (inbrief)	2021.ofIncorporation:25,MayDateIBBIC is in the business of designing, building,implementing, and commercializing distributed ledgertechnology ("DLT") solutions for the financial servicessector.History of last 3 years' turnover: Not applicableCountry of presence: India.

You are requested to please take the above on record.

Thanking You,

Yours faithfully For IndusInd Bank Limited

Haresh Gajwani Company Secretary

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