We wish to inform that the Board of Directors (“Board”) of the Bank at its meeting held today i.e.
February 4, 2023 has, inter-alia, considered and approved to Issue, offer and allot 37,75,00,859 (Thirty-
Seven Crore Seventy Five Lakh Eight Hundred and Fifty Nine) equity shares of face value of ₹ 10/- each
fully paid-up, on a preferential basis, to ‘IDFC Financial Holding Company Limited’ (“Proposed Allottee”),
wholly-owned subsidiary of IDFC Limited (jointly referred as “IDFC”), at a price of ₹ 58.18/- per equity
share (including premium of ₹ 48.18/- per share), amounting to ₹ 2,196,30,00,000 (Rupees Two
Thousand One Hundred Ninety Six Crore and Thirty Lakhs only) (“Preferential Issue”), which offer/ issue
price is in accordance with the applicable provisions of the Securities and Exchange Board of India (Issue
of Capital and Disclosure Requirements) Regulations, 2018 (‘SEBI ICDR Regulations’) (including any
statutory modification(s) or re-enactment thereof for the time being in force), subject to acceptance of
the offer by the Board of ‘IDFC’ and also subject to approval of the shareholders of the ‘Bank’.
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