Sale of subsidiary of Axis Bank Limited

Date on which the agreement for sale has been entered into

The expected date of completion of sale/disposal

Consideration received from such sale/disposal

Brief details of buyers and whether any of the buyers belong to the promoter/ promoter group/group companies. If yes, details thereof

Whether the transaction would fall within related party transactions? If yes, whether the same is done at "arms length"

Additionally, in case of a slump sale, indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale

For the purpose of this sub-clause, "slump sale" shall mean the transfer of one or more undertakings, as a result of the sale for a lump sum consideration, without values being assigned to the individual assets and liabilities in such sales.

Disclosures provided for amalgamation/merger:

a) name of the entity(ies) forming part of the amalgamation/merger, details in brief such as, size, turnover etc.;

b) whether the transaction would fall within related party transactions? If yes, whether the same is done at "arms length";

c) area of business of the entity(ies);

d) rationale for amalgamation/ merger;

e) in case of cash consideration - amount or otherwise share exchange ratio;

f) brief details of change in shareholding pattern (if any)of listed entity.