INVESTMENT IN OPEN NETWORK FOR DIGITAL COMMERCE

RNS Number : 7374F

Axis Bank Limited

23 March 2022

AXIS/CO/CS/678/2021-22

March 23, 2022

Dear Sir(s),

SUB: INVESTMENT IN OPEN NETWORK FOR DIGITAL COMMERCE

REF: REGULATION 30 READ WITH PARA A OF SCHEDULE III OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

This is to inform you that Open Network for Digital Commerce ("ONDC") has on March 22, 2022 allotted Axis Bank Limited ("Bank") 10,00,000 equity shares of face value of Rs. 100 each for a consideration of Rs. 10,00,00,000. Post allotment, the shareholding of the Bank in ONDC is 7.84%.

The details as required under the Listing Regulations are provided in Annexure A.
http://www.rns-pdf.londonstockexchange.com/rns/7374F_1-2022-3-23.pdf

You are requested to take note of above and arrange to bring the same to the notice of all concerned.

Thanking you,

Yours faithfully,

For Axis Bank Limited

Sandeep Poddar

Company Secretary

Encl: As above.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCJJMPTMTBTMFT