Sammaan Capital Limited — Capital/Financing Update 2021

Sep 8, 2021

September 8, 2021

The Manager, Listing Department, BSE Limited, Phirozee Jeejeebhoy Tower, Dalal Street, Mumbai 400 001 BSE Scrip Code: 535789

The Manager, Listing Department, The National Stock Exchange of India Ltd., Exchange Plaza, 5 Floor, Plot C/1, G Block, Bandra-Kurla Complex, Bandra(E), Mumbai 400 051 NSE Symbol: IBULHSGFIN/EQ

Sub: Public issue by Indiabulls Housing Finance Limited (the "Company" or the "Issuer") of secured and/or unsecured redeemable non-convertible debentures of face value of ₹1,000 each for an amount aggregating up to ₹1,000 crores (the "Shelf Limit") (the "Issue"). The NCDs will be issued in one or more tranches up to the Shelf Limit, on terms and conditions as set out in separate Tranche Prospectus(es) for each Tranche Issue. The unsecured NCDs will be in the nature of subordinated debt and will be eligible for inclusion as Tier II capital.

Dear Sir/Madam,

In continuation of our intimation dated September 1, 2021 on the captioned subject, we wish to inform you that Indiabulls Housing Finance Limited ("Company" or "Issuer") has filed a corrigendum ("Corrigendum") with respect to the Tranche I Prospectus dated September 1, 2021 ("Tranche I Prospectus") which was filed in connection with the public issue of secured, redeemable, non-convertible debentures of face value of ₹1,000 each ("Secured NCDs") and/or unsecured, subordinated, redeemable, non-convertible debentures of face value of ₹1,000 each ("Unsecured NCDs" together with the Secured NCDs, the "NCDs") for an amount up to ₹200 crores ("Base Issue Size") with an option to retain oversubscription up to ₹800 crores, aggregating up to ₹1,000 crores by the Company ("Tranche I Issue Limit")(" Tranche I Issue"), which is within the shelf limit of ₹1,000 crores.

The Tranche I Prospectus, Abridged Prospectus, Application Form and all Issue related Transaction Documents and all other communications issued by the Company up to the date of the Corrigendum in relation to the Issue shall be read in conjunction with the Corrigendum and any reference to the Tranche I Prospectus shall be deemed to include reference to the Corrigendum also. The Tranche I Prospectus, Abridged Prospectus, Application Form and all Issue related Transaction Documents and all other communications issued by the Company up to the date of the Corrigendum in relation to the Issue stand amended to the extent stated in the Corrigendum (as replicated in Annexure A herein).

All capitalised terms used under this intimation shall unless the context otherwise requires, have the meaning ascribed in the Tranche I Prospectus.

We request you to take the aforesaid on record.

Thanking you, Yours sincerely,

For and on behalf of Indiabulls Housing Finance Limited

Amit Kumar Jain Company Secretary

Encl.:a/a

ANNEXURE A

The paragraph on page no. 86 and page no. 100 of the Tranche I Prospectus currently appearing as "Category III and IV of Investors in the proposed Issue who are also Primary Holder(s) on the Deemed Date of Allotment applying in Series II and/or V, the maturity amount at redemption along with the additional yield would be ₹1,811.10 per NCD and/or ₹1,304.30 per NCD respectively provided the NCDs issued under the proposed Issue are held by the investors on the relevant Record Date applicable for redemption in respect of Series II and/or Series V" shall be read as "Category III and IV of Investors in the proposed Issue who are also Primary Holder(s) on the Deemed Date of Allotment applying in Series II and/or V, the maturity amount at redemption along with the additional yield would be ₹1,188.10 per NCD and/or ₹1,304.30 per NCD respectively provided the NCDs issued under the proposed Issue are held by the investors on the relevant Record Date applicable for redemption in respect of Series II and/or Series V".