IndusInd Bank Ltd. — Share Issue/Capital Change 2021

Feb 18, 2021

lnduslnd Bank

February 18, 2021

To,

National Stock Exchange of India Ltd. (Symbol: INDUSINDBK) BSE Ltd. (Scrip Code: 532187) · India International Exchange (Scrip Code: 1100027) Singapore Stock Exchange Luxembourg Stock Exchange

Madatn / Dear Sir,

Sub: Outcome· of the 28th meeting of the Finance Committee of the Board of Induslnd Bank Ltd., under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Allotment of 1,57,70,985 fully paid-up Equity Shares of Rs.1,709/- each, of lnduslnd Bank Limited, upon conversion of the· equivalent number of Share Warrants. ·

We refer to our intimation dated July 6, 2019, regarding Preferential Allotment of 1,57,70,985 Warrants to Indusind International Holdings Limited and Indusind Limited, the Promoters of the Bank ("Warrant Holders"), at· a price of Rs. I, 709/- per warrant, pursuant to effectiveness of the Composite Scheme of Arrangement amongst Indusind Bank Ltd., Bharat Financial Inclusion Limited, and Indusind Financial Inclusion Limited and their respective shareholders and creditors, which became effective on July 4, 2019. The Promoters had paid 25% of warrants price, i.e., Rs.673,81,53,341/- (INR Six hundred seventy-three crores, eighty-one lakhs, fiftythree thousand, three hundred and forty-one only).

The Promoters were permitted l& months' time to subscribe to the warrants in full, for conversion into Equity Shares in the ratio of 1: 1. In this connection, we refer to our intimation datedJanuary 13, 2021, informing about the extension of the exercise period in respect of the Warrants, which was granted by Securities and Exchange Board of India ("SEBI") until February 18, 2021.

We further inform that, the Finance Committee of the Board of Induslnd Bank Limited ("Bank") has, at its meeting held today, February 18, 2021, allotted 1,57,70,985 fully paid-up . . Equity Shares of Face Value of INR 10/- each of the Bank, pursuant to the exercise of the options attached to the Warrants by the Promoters, consequent upon the receipt of notice for exercise, along with the balance price due on the Warrants, i.e., Rs.2,021,44,60,023.75 (INR Two thousand twenty-one crores, forty-four lakhs, sixty thousand twenty-:three and paise seventy-five only}, as detailed below:

lndusrnd Bank L1mlte<l, Bui!~ing No 7, Solit I CorPora e P rk Andhe rl C1 h, Chctkala,Andnen t, M1.1mbo1 -400 093, lndi11. Tel: (00:22) 66412200 kfif r Lmlt. R ild,

Rc~btcred Office; 240 l a~n. n,1mmayya Hoad, l'tloe 41 l oor, India :et (020) 2634 3201 Fax. (0.20) 2634 324 l Vi.sl us at www.induslnd com l.lN•L6$19lPN19!HPLC075)Jl .

lnduslnd Bank

Name of WarrantHolder	CategoryII	No. of warrantsconverted intoequity shares	Balance 75% Amountreceived (towardsexercise price)
IndusindInternationalHoldings Limited	Promoter	1, 15,92,439	1,485,86,08,688.25
Indusind Limited	Promoter	41,78,546	535,58,51,335.50
Total		1,57, 70,985	2,021,44,60,023. 75

The newly issued Equity Shares shall rank pari-passu with the existing Equity Shares of the Bank in all respects.

The Bank's Authorised Share Capital would be INR 857,00,00,000 divided into 85,70,00,000 Equity Shares of Face Value of Rs.IO each.

The .Bank's Issued, Subscribed and Paid-Up 'Equity Share Capital would ·stand increased·to INR 773,15,51,870 (divided into 77,31,55,187 Equity Shares of Face Value of Rs.IO_ each) from the present level of INR 757,38,42,020 (divided into 75,73,84,202 Equity Shares of the Face Value ofINR 10 each).

Further, in terms of the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the 1,57,70,985 Equity Shares allotted on_ conversion of 1,57,70,985 Warrants, shall be subject to a lock-in period of 3 years from the date ofreceipt of the Trading Approval for such equity shares from the Stock Exchanges.

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

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

We request you to kindly take the above on record.

Thanking you,

Yours faithfully, For lnduslnd Bank Limited

Haresh Gaj ani Company Se retary Membership No.: A18225

lndu~lnd Bank Limited, Brnl?m o. 7 Sohtaire Corpo, t P'lrk .Andheri G a: or Ch.tkola, And"'err t, Mumbai - 400 093 India. Tel: 10022) 66412200 Link Ro.id,

Re91.ffcired0ffiff;2401 G~11. Thlmmawa Hoad, Pune 41 l 001, India Tel.'. (0201 2634.3201 fax:: (020) 2634 324 l Visit us at www.indusind.com r!N: l-6S1Q1PN190 PLC07GJ)J . .