IRB Infrastructure Developers Limited — Capital/Financing Update 2019

Dec 16, 2019

Co<porale Office , . . 3rd Aoc:M: IRB Complex. Chandivoli Farm, ChaodiYoli Vii&oge, An:lheri (E), Mumbol • 400 on Tel: 91 .22 .6640 4220 / 4880 4200 · Fax: 91 ·22 - 2857 3«1- e-mail: i~rb.CIO.in . www.irb.co.in ON, 16591OMHl998PlCl 15967

December 16,2019

Corporate Relationship Department,	Listing Department,
BSE Limited	National Stock Exchange of India Limited
Phiroze Jcejeebhoy Towers	Exchange Plaza, Col Block G
Dalal Street, Mumbai- 400001.	Sandra Kurla Complex,
	Sandra (El, Mumbai - 40005 I

Dear Sir/Madam,

Ref: Scrip Code 532947; Symbol: IRB

Subject: Outcome of the Management Administ ratio n and Share Transfer Committee Meeting held on December 16, 2019 and the allotment of Secured, Redeemable, Unlisted Non-Conve rtible Debentures on a private placement basis

Dear Sir/Madam,

This is to infonn you that the Management Administration and Share Transfer Committee of the Board of Directors of the Company (the "MAS Committee") at their meeting held on December \6, 2019, has approved the allotment of Secured, Redeemable, Unlisted No ~Co nv rtibl ^eDebentures (NCO) amounting to Rs. 1,400 CroTe on a private placement basis. NCDs will bear current interest rate of 11.75% per an num; 50% of this issue has been subscribed by GIC affiliate and ba lance 50% by our subsidiary - limiting net external borrowings to Rs 700 Crore.

We request you to take the above on record,

Thanking you.

Yours faithfully,

Mehul Pa lel Compa ny Secretary & Compliance Office r