ZEE LEARN LIMITED — Major Shareholding Notification 2020

Nov 19, 2020

November 19, 2020

To, National Stock Exchange of India Limited, Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai - 400051 Phone No.: + 91 22 2659 8148 Fax No.: + 91 22 2659 8120; + 91 22 2659 8237

Sub: Disclosure pursuant to Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 2011

Unit: ZEE LEARN LIMITED ISIN: INE565L01011 Symbol: ZEELEARN

Dear Sir/ Madam,

This is to inform you that we have, on 18-November-2020, acquired through Off Market transfer from security trustee & appropriated against Loan Outstanding Amounts, 1,25,60,000 (in words One crore Twenty Five lakhs and Sixty thousand ) equity shares of Zee Learn Limited, constituting 3.85% of the paid-up share capital of Zee Learn Limited (as set out in the table below). The disclosure as required under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 is enclosed.

Nameof	Number of Shares Acquired	Dateof	Manner of Acquisition
Shareholder		Acquisition
L&T	1, 25, 60,000(in words One	18-	AcquiredthroughOff
Infrastructure	crore Twenty Five lakhs and	November	Markettransferfrom
Finance	Sixty thousand) equity shares	2020	securitytrustee&
Company	of ZeeLearn Limited.		appropriatedagainst
Limited			LoanOutstanding
			Amounts

Kindly take the above on record.

Thanking you,

Yours faithfully,

For L&T Infrastructure Finance Company Limited.

Ms. Vinda Wagh Authorized Signatory

Disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Part A – Details of the Acquisition

NameoftheTargetCompany(TC)	ZEE LEARN LIMITED
Name(s)oftheacquirer and Persons Acting inConcert (PAC) with the acquirer	L&T Infrastructure Finance Company Limited("Acquirer")
WhethertheAcquirerbelongstoPromoter/Promotergroup	No
Name(s)oftheStockExchange(s)wherethesharesofTCareListed	BSE LimitedNational Stock Exchange of India Limited
Detailsoftheacquisition asfollows	Number	%w.r.t. total share/votingcapital whereverapplicable (*)	%w.r.t. totaldilutedshare/votingcapitaloftheTC(**)
Beforetheacquisitionunderconsideration,
holding ofacquireralong with PACs of:	-	-	-
a) Sharescarryingvotingrights
b) Sharesinthenatureofencumbrance(pledge/lien/ non-disposalundertaking/others)	-	-	-
c) Votingrights(VR)otherwisethan byequityshares	-	-	-
d)Warrants/convertiblesecurities/anyotherinstrument thatentitles theacquirer toreceive
sharescarrying votingrightsintheTC(specify holding in eachcategory)	-	-	-
e) Total(a+b+c+d)
	-	-	-

Detailsofacquisition
a)	Sharescarryingvotingrightsacquired	1,25,60,000equityshares	3.85%	3.85%
b)	VRsacquiredotherwisethan by equityshares	-	-	-
c)	Warrants/convertiblesecurities/anyotherinstrument thatentitlestheacquirer toreceivesharescarrying voting rights in theTC(specify holding in each category)	-	-	-
	d) Sharesencumbered/ invoked/ released by the	-	-	-
	Acquirere) Total(a+b+c+/-d)	1,25,60,000equityshares	3.85%	3.85%
After	theacquisition,holding of acquirer alongwith PACs of:a) Sharescarryingvotingrights	22,162,667equityshares(considering9,602,667equity shares held by	6.80%(Considering 2.94%equitysharesheldbyL&TFinance Limited)	6.80 %(Considering 2.94% equitysharesheldbyL&TFinance Limited)
		L&T Finance Limited)
	b) VRsotherwisethan byequityshares	-	-	-
d)	Warrants/convertiblesecurities/anyotherinstrument thatentitlestheacquirer toreceivesharescarrying votingrightsintheTC(specifyholdingineach category)afteracquisition	-	-	-
e)	Shares in the nature of encumbrance (pledge/lien/ non-disposal undertaking/ others)	-	-	-

e) Total(a+b+c+d)	22,162,667equityshares(considering9,602,667equity shares held byL&T Finance Limited)	6.80 %(Considering 2.94% equitysharesheldbyL&TFinance Limited)	6.80 %(Considering 2.94% equitysharesheldbyL&TFinance Limited)
Mode of acquisition/ sale(e.g. open market /offmarket/ public issue / rights issue / preferentialallotment / inter-se transfer, etc.)	Acquired through Off Market transfer from security trustee & appropriated againstLoan Outstanding Amounts
Salient features of the securities acquired includingtime till redemption, ratio at which it can beconverted into equity shares etc.	Equity shares
Date of acquisition of/ date of receiptofintimationofallotmentofshares/VR/warrants/convertiblesecurities/anyotherinstrument that entitles the acquirer to receiveshares in the TC	18-November-2020
Equitysharecapital/totalvotingcapitaloftheTCbefore thesaidacquisition	32,60,92,725equity shares having a face value of INR 1each(As per shareholding pattern for quarter ended Sept 2020)
Equitysharecapital/totalvotingcapitaloftheTCafterthe saidacquisition	32,60,92,725equity shares having a face value of INR 1 each(As per shareholding pattern for quarter ended Sept 2020)
Totaldilutedshare/votingcapitaloftheTCafterthesaid acquisition	32,60,92,725equity shares having a face value of INR 1 each(As per shareholding pattern for quarter ended Sept 2020)

(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Clause 35 of the listing Agreement.

(**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC.