Details of Pre-IPO Placement

Our Bank has undertaken a Pre-IPO placement of 5,208,226 Equity Shares comprising (i) a private placement of 3,084,833
Equity Shares to SBI Life Insurance Company Limited for cash at a price of 291.75 per Equity Share aggregating to
approximately = 900.00 million; (ii) a private placement of 1,713,795 Equity Shares to Axis Flexi Cap Fund for cash at a price
of = 291.75 per Equity Share aggregating to approximately % 499.99 million; (iii) a private placement of 342,760 Equity Shares
to Axis Equity Hybrid Fund for cash at a price of 291.75 per Equity Share aggregating to approximately = 100.00 million; and
(iv) a private placement of 66,838 Equity Shares to Kiran Vyapar Limited for cash at a price of = 291.75 per Equity Share
aggregating to approximately = 19.50 million pursuant to shareholders’ resolution dated February 13, 2021 and the resolution of
the board dated February 23, 2021.

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