Axis Bank Ltd.

With reference to its letter no. AXIS/CO/CS/389/2020-21, dated 20th November 2020, on Investment in IBBIC by the company, Axis Bank has informed that the Bank has subscribed to 50,000 Equity Shares of face value of Rs 10 each fully paid up of IBBIC for a consideration of Rs 10 per equity share constituting 5.55% of the issued and paid-up capital of IBBIC. The details as required under the Listing Regulations are provided in Annexure A.

The above information is a part of company’s filings submitted to BSE.