Sammaan Capital Limited — Capital/Financing Update 2021

Mar 4, 2021

Date: March 4, 2021

National Stock Exchange of India Limited

Listing Department Exchange Plaza, Bandra Kurla Complex Bandra (East) Mumbai 400 051 Company symbol: IBULHSGFIN

BSE Limited

Department of Corporate Services Floor 25, Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001 Security code no.: 535789

Sub: Issue of foreign currency convertible bonds aggregating up to USD 150 million by Indiabulls Housing Finance Limited ("Company" and such issue, the "Issue").

Dear Sir/ Madam,

Further to our letter dated February 25, 2021, we wish to inform you that the Committee at its meeting held today i.e. March 4, 2021 has, amongst other things, passed the following resolutions:

• a. Pursuant to the offering circular dated February 25, 2021, approved the allotment of U.S. $ 150 million of 4.5 per cent Secured Foreign Currency Convertible Bonds due 2026 convertible into equity shares of Rs.2.00 each ("FCCBs"), subject to receipt of funds, satisfaction of other conditions and procedures and relevant agreements have been approved by the Securities Issuance Committee; and
• b. Approved certain terms of the FCCBs and the details as required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations") read along with SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015 has been disclosed in Annexure A.

The meeting of the Committee commenced at 4:00 PM and concluded at 4:50 PM.

We request you to take the above on record and the same be treated as compliance under the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Thanking you,

Yours truly, For Indiabulls Housing Finance Limited

Amit Jain Company Secretary

CC: Luxembourg Stock Exchange, Luxembourg Singapore Exchange Securities Trading Limited, Singapore

ANNEXURE A

1. Type of securities:

U.S.$150,000,000, 4.50 per cent. Secured Foreign Currency Convertible Bonds due 2026 convertible into equity shares of Rs.2.00 each in the share capital of Indiabulls Housing Finance Limited.

2. Type of issuance:

Issuance of FCCBs.

3. Total number of securities or the total amount for which the securities will be issued (approximately):

FCCBs: An aggregate principal amount of US$ 150 million of 4.5 per cent. due 2026

With respect to the issuance of FCCBs, please note the following:

S. No.	Particulars	Details
1.	Name of the stock exchange(s) where FCCBs are listed(opening - closing status) / proposed to be listed	Singapore Exchange SecuritiesTrading Limited
2.	Proposed no. of equity shares of Company onconversion of FCCBs	Approximately4,49,91,756equity shares of the Company(assuming full conversion oftheFCCBsattheinitialconversion price)Exchange Rate: 1US$ = INR72.5867 as of February 22,2021
3.	Proposed date of allotment, tenure, date of maturityand coupon offered, if any of FCCBs	Date of allotment of FCCBs toInitialpurchasers:March4,2021Tenure and Date of maturity:Unless previously redeemed,converted or purchased andcancelled, the Company willredeemeachFCCBatitsoutstanding principal amounton4March2026(the"MaturityDate"),togetherwith accrued interest (if any)(calculated up to but excludingthe Maturity Date)Coupon offered,: FCCBs bearinterest on their outstandingprincipalamountfromandincluding 4 March 2021 at therate of 4.50 per cent. per

Indiabulls Housing Finance Limited (CIN. L65922DL2005PLC136029)

		annum payable semi-annually
		in arrear in equal instalments
		of U.S.$22.50 per Calculation
		Amount on 4 March and 4
		Septemberineachyear,
		commencing on 4 September
		2021
4.	Issue price of FCCBs (in terms of USD and In INR after	100% of the principal amount
	considering conversion rate)	of the FCCBs
5.	Change in terms of FCCBs, if any	Not Applicable (Fresh Issue)
6.	Details of defaults, if any, by the listed entity in	Not Applicable
	payment of coupon on FCCBs & subsequent updates
	in relation to the default, including the details of the
	corrective measures undertaken (if any)