 

 

 

 

 

 

 

 

 

Ss. ‘Name of the Selling Shareholder Up to Offered Shares Date of Selling Shareholders’ | Date of board resolution/
No. Consent Letter investment committee
resolution
6. | Americorp Ventures Limited 100,000 Equity Shares March 1, 2021" March 1, 20217
aggregating to @ 30.42 million
7. [Kotak Mahindra Life Insurance Company | 186,966 Equity Shares ‘September 4, 2020 Investment committee
Limited aggregating to @ 56.88 million resolution dated September
4, 2020
Board resolution dated April
26, 2019
8. | Gaja Capital India AIF Trust (represented by [106,419 Equity Shares March 2, 2021° March 2, 2021°
its trustee Gaja Trustee Company Private | aggregating to % 32.37 million
Limited)

 

 

Consent Letter dated March 2, 2021, pursuant to the board resolution dated March 2, 2021 replaced and superseded the consent
letter dated September 4, 2020 issued by Gaja Capital Fund I Limited

Consent Letter dated March 2, 2021 pursuant to the board resolution dated February 26, 2021 replaced and superseded the consent
letter dated September 8, 2020 issued by DWM (International) Mauritius Ltd

Consent Letter dated February 25, 2021 pursuant to the board resolution dated February 18, 2021 replaced and superseded the
consent letter dated September 29, 2020 issued by IDFC FIRST Bank Limited

Consent Letter dated March 1, 2021 pursuant to the board resolution dated March 1, 2021 replaced and superseded the consent
letter dated August 31, 2020 issued by Americorp Ventures Limited

Consent Letter dated March 2, 2021, pursuant to the board resolution dated March 2, 2021 replaced and superseded the consent
letter dated September 3, 2020 issued by Gaja Capital India AIF Trust (represented by its trustee Gaja Trustee Company Private
Limited)

In the event of under-subscription in the Employee Reservation Portion (if any), the unsubscribed portion was made available for
allocation and Allotment, proportionately to all Eligible Employees who have Bid in excess of 200,000 (net of Employee Discount),
subject to the maximum value of Allotment made to such Eligible Employee not exceeding @ 500,000 (net of Employee Discount). The
unsubscribed portion, if any, in the Employee Reservation Portion (after allocation up to @ 500,000), was required to be added to the Net
Issue. For further details, see “Issue Structure” beginning on page 373.

Our Bank and the Selling Shareholders, in consultation with the Book Running Lead Managers, offered an Employee Discount of = 30
per Equity Share.

Subject to valid Bids having been received at or above the Issue Price, under subscription, if any, in any category, except in the QIB
Portion, would be allowed to be met with spill-over from any other category or combination of categories of Bidders at the discretion of
our Bank and the Selling Shareholders, in consultation with the Book Running Lead Managers and the Designated Stock Exchange,
subject to applicable laws. In the event of under-subscription in the Issue, Equity Shares would be allocated in the manner specified in
“Terms of the Issue” beginning on page 368. Our Bank reserves the right to reject, in its absolute discretion, all or any multiple Bids in
any or all categories in accordance with the SEBI ICDR Regulations.

 

Our Bank and Selling Shareholders, in consultation with the Book Running Lead Managers, have allocated 60% of the QIB Portion to
Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations. One-third of the Anchor Investor Portion was
reserved for domestic Mutual Funds, subject to valid Bids having been received from domestic Mutual Funds at or above the Anchor
Investor Allocation Price. 5% of the QIB Portion (excluding the Anchor Investor Portion) was available for allocation on a proportionate
basis to Mutual Funds only, and the remainder of the QIB Portion was available for allocation on a proportionate basis to all QIB Bidders
(other than Anchor Investors), including Mutual Funds, subject to valid Bids having been received at or above the Issue Price. However,
if the aggregate demand from Mutual Funds is less than 185,931 Equity Shares, the balance Equity Shares available for allotment in the
Mutual Fund Portion would be added to the QIB Portion and allocated proportionately to the QIB Bidders (other than Anchor Investors)
in proportion to their Bids. In terms of the Banking Regulation Act read with Reserve Bank of India (Prior approval for acquisition of
shares or voting rights in private sector banks) Directions, 2015, no person either by himself or with his relative, associate enterprise, or
acting in concert with any other person can acquire, directly or indirectly, or hold 5% or more of the total paid-up share capital of our
Bank, or be entitled to exercise 5% or more of the total voting rights of our Bank, without prior approval of the RBI. Accordingly, in case
of Bids for such number of Equity Shares, as may result in the shareholding of a Bidder (along with his relatives, associate enterprises or
persons acting in concert with such person) exceeding 5% or more of the total paid-up share capital of our Bank or entitles him to exercise
5% or more of the voting rights in our Bank, such Bidder is required to submit the approval obtained from the RBI with the Registrar to
the Issue, at least one Working Day prior to the finalisation of the Basis of Allotment. In case of failure by such Bidder to submit the
approval obtained from the RBI within the above time period, our Bank may Allot maximum number of Equity Shares, as adjusted for the
Bid Lot (and in case of over-subscription in the Issue, after making applicable proportionate allocation for the Equity Shares Bid for),
that will limit the aggregate shareholding of the Bidder (along with his relatives, associate enterprises or persons acting in concert with
such person and including existing shareholding, if any) to less than 5% of the post-Issue paid-up Equity Share capital of our Bank. For
details, see “Key Regulations and Policies” and “Issue Procedure” beginning on pages 172 and 377, respectively.

Allocation to Bidders in all categories except the Anchor Investor Portion and the Retail Portion, was made on a proportionate
basis subject to valid Bids received at or above the Issue Price. The allocation to each RIB was not less than the minimum Bid
Lot, subject to availability of Equity Shares in the Retail Portion, and the remaining available Equity Shares, if any, was made
available for allocation on a proportional basis. For further details, see “Issue Procedure” beginning on page 377.

For details of the terms of the Issue, see “Terms of the Issue” beginning on page 368.

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