Infosys Ltd. — Capital/Financing Update 2021

Feb 11, 2021

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TO ALL STOCK EXCHANGES

BSE LIMITED NATIONAL STOCK EXCHANGE OF INDIA LIMITED NEW YORK STOCK EXCHANGE

February 11, 2021

Dear Sir/ Madam,

Sub: Disclosure

Please find enclosed the disclosure pertaining to Company’s additional investment in ideaForge Technology Private Limited, a leading Unmanned Arial Vehicles (UAV) systems manufacturer known for rugged and high-precision UAV systems. This disclosure is made under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This information will also be hosted on the Company’s website, at www.infosys.com.

Thanking you,

Yours sincerely, For Infosys Limited

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A.G.S. Manikantha Company Secretary

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The Company has agreed with ideaForge Technology Private Limited, leading UAV systems manufacturing company, to invest an additional US$1.0 million (earlier, the Company had invested US$ 1.5 million in 2016) taking the cumulative investment to US$ 2.5 million as of date), subject to necessary closing conditions.

Disclosure under SEBI Listing Regulations -

Disclosure under SEBI Listing Regulations -
Investment	Additional investment
Name of the target entity	ideaForge Technology Private Limited
Whetherrelatedpartytransaction(s)andwhether the promoter/ promoter group/ groupcompanies have any interest in the entity beingacquired?	No
Industry to which the entity being invested intobelongs	Unmanned Arial Vehicles (UAV) / Drone Systems
Objects and effects of the investment	ideaForge’s UAV systems are increasingly beingused across wide spectrum of organizations. Severalcustomers of Infosys have also embraced UAVsystems as they digitalize rapidly. The investment isintended to be utilized on R&D, sales, marketing,business development and working capital needs atideaForge. This is expected to enhance jointcapabilities to help our customers better.
Any governmental or regulatory approvalsrequired	None
Indicative time period for completion	Expected to be completed in Q4 FY2021
Nature of consideration	Cash
Cost of investment	US$ 1.0 million (earlier, the Company had investedUS$ 1.5 million in 2016, taking the cumulativeinvestment to US$ 2.5 million as of date)
Percentage of shareholding	Minority holding, not exceeding 20% of theoutstanding share capital of the company
Brief background	Based out of Mumbai, ideaForge is a leading UAVsystems manufacturer known for rugged and high-precision UAV systems. The systems are usedextensively for inspection, surveillance and mappingwith integrated vertical solutions across Defense,HomelandSecurity,Mining,Construction,Agriculture, Energy and Utilities.