IndusInd Bank Ltd. — Capital/Financing Update 2021

Jun 25, 2021

IndusInd Bank

June 25, 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., June 24, 2021, pursuant to Invocation of Pledge of Shares, acquired 70,67,500 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) as per latestBalance Sheet March 31, 2021:	Net Worth-Rs. 161,904 lakhs
	Turnover (latest available)- forthe year ended March 31,2021:	Rs.111,187 lakhs
2.	Whether the acquisition would fall withinRelated PartyTransaction(s) and whetherthe promoter/ promoter group/ groupcompanies have any interest in the entitybeing acquired?	Not Applicable.
	Is yes, nature of interest and details thereofand whether the same is done at "Arm'sLength."

Solitaire Corporate Park Office : IndusInd Bank Limited, Building No.7, Solitaire Corporation Park, Andheri- Ghatkoper Link Road, Chakala, Andheri (E), Mumbai - 400 093, India Tel: (0022) 66412887

IndusInd Bank

3.	Industry to which the entity acquiredbelongs:	Tea Plantations
4.	Objects andeffects ofacquisition(including but not limited to, disclosure ofreasons for acquisition of target entity, ifits business is outside the main line ofbusiness of the listed entity):	The Equity Shares of McLeod Russel India Ltd.held by Ichamati Investments Limited werepledged with the Bank for securing theoutstanding dues of Mcleod Russel IndiaLimited (MRIL), the Borrower Company. TheBank has invoked the pledge held on theaforesaid shares for recovery of its dues fromMRIL.
5.	Brief details of any governmental orregulatory approvals required for theacquisition:	Not Applicable.
6.	Indicativetimeperiod forcompletion of the 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 whichthe shares are acquired:	Not Applicable.
9.	Percentage of Shareholding / controlacquired and / or number of sharesacquired:	70,67,500 Equity Shares forming 6.77% of Paid-up Equity Share Capital of the BorrowerCompany.
10.	Brief background about the entity acquiredin terms of products / line of businessdateacquired,$\circ$ ofincorporation,history of last 3 years turnover, country inwhich the acquired entity has presence andany other significant information (inbrief).	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 thecompany are listed in National Stock Exchangeof India Ltd. (NSE) and Bombay StockExchange (BSE).

Solitaire Corporate Park Office : IndusInd Bank Limited, Building No.7, Solitaire Corporation Park, Andheri- Ghatkoper Link Road, Chakala, Andheri (E), Mumbai - 400 093, India Tel: (0022) 66412887

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

The Company is engaged in cultivation $&$ manufacturing of tea and has thirty-one tea estates in the Assam Valley and two in the Dooars region of West Bengal, three factories in Vietnam and six estates in Uganda.

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.

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 Gajwani Company Secretary

Solitaire Corporate Park Office : IndusInd Bank Limited, Building No.7, Solitaire Corporation Park, Andheri- Ghatkoper Link Road, Chakala, Andheri (E), Mumbai - 400 093, India Tel: (0022) 66412887