to operate our business and implement our growth plans, thereby affecting our financial performance.

We have in the past, and may in future, experience negative cash flows from operating activities. The following table sets
forth certain information relating to our cash flows from operating activities for the periods indicated:

 

 

 

 

Fiscal Nine months ended

Particulars 2018 2019 2020 December 31, 2020
@nillion)

Net cash (used in)/ generated from 4,575.47 (5,451.90) 5,258.21 (1,525.81)

operating activities

 

 

 

 

 

 

 

For Fiscal 2019 and nine months ended December 31, 2020, net cash outflow on account of net increase in advances and
investments in HTM and AFS securities exceeded net inflow of deposits, other items of balance sheet, adjusted for non-
cash and reclassification items into investing and financing activities. For further information, see “Restated Financial
Statements” beginning on page 241.

Negative cash flows over extended periods, or significant negative cash flows in the short term, could materially impact
our ability to operate our business and implement our growth plans. As a result, our cash flows, business, prospects, results
of operations and financial condition may be materially and adversely affected. For further information, see
“Management's Discussion and Analysis of Financial Condition and Results of Operations” beginning on page 306.

. We have issued Equity Shares at a price that may be lower than the Issue Price in the last 12 months.

Except as disclosed below, our Bank has not issued any Equity Shares in the last 12 months immediately preceding the
date of this Prospectus at a price which may be lower than the Issue Price.

 

 

 

Date of Allottees Number of | Face value | Issue price per | Reason for allotment
allotment Equity Shares | per Equity | Equity Share ()
allotted Share (®)

Quarter ended] An aggregate of 282,257 Equity 282,257 10 108 to 173] Allotment pursuant to
March 31, 2020 | Shares were allotted by our Bank ESOP 2016

under ESOP 2016 on March 5,

2020.
May 21,2020 | 1,826,923 Equity Shares were 2,390,020 10 260 | Private placement

allotted to Gaja Capital Fund II
Limited, 96,154 Equity Shares
were allotted to Gaja Trustee
Company Private Limited
(representing Gaja Capital India
AIF Trust as a trustee), 93,258
Equity Shares were allotted to
Teachers Insurance and Annuity
Association of America, 32,431
Equity Shares were allotted to
Kiran Vyapar Limited, 192,308
Equity Shares were allotted to
Kotak Mahindra Life Insurance
Company Limited and 148,946
Equity Shares were allotted to

 

 

 

 

 

 

 

 

 

 

Lok Capital Growth Fund.
Quarter ended/An aggregate of 400 Equity 400 10 140 to 173 [Allotment pursuant to
June 30, 2020 | Shares were allotted by our Bank ESOP 2016

under ESOP 2016 on June 7, 2020
Quarter ended| An aggregate of 139,830 Equity 139,830 10 108 to 173| Allotment pursuant to
September 30, | Shares were allotted by our Bank ESOP 2016
2020 under ESOP 2016 on September

3, 2020.
Quarter _ended|An aggregate of 60,558 Equity 60,558 10 108 to 196| Allotment pursuant to
December 31, | Shares were allotted by our Bank ESOP 2016
2020 under ESOP 2016 on December 5,

2020.

 

32
