Indus Towers : Debentures

November 25, 2022
BSE Limited	The National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers,	Exchange Plaza, C-1, Block - G, Bandra Kurla Complex,
Dalal Street, Mumbai-400001	Bandra (E), Mumbai-400051

Ref: Indus Towers Limited (534816/ INDUSTOWER)

Sub: Outcome of Meeting of the Board constituted Committee of Directors for Fund raising

Dear Sir/ Madam,

Further to our intimation dated October 27, 2022, and pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we hereby inform that the Committee of Directors for Fund raising in its meeting held today, has, inter alia, approved the offering of Non-Convertible Debentures ('NCD's) of total up to Rs. 1,500 Crore (Base issue size of Rs. 1,000 Crore and Green Shoe option of up to an additional Rs. 500 Crore) in three series, on private placement basis.

The details, as required to be disclosed under Regulation 30 read with SEBI Circular dated September 09, 2015, are also enclosed as Annexure A.

The Meeting commenced at 6.15 p.m. and concluded at 8:05 p.m.

Kindly take the same on record.

Thanking you,

Yours faithfully,

For Indus Towers Limited

(formerly Bharti Infratel Limited)

SAMRIDHI RODHE

Digitally signed by SAMRIDHI RODHE DN: c=IN, o=PERSONAL, pseudonym=854447ee41a52905a238fdb1a79b7681cd8501 1663c8c0754e29aaeea767f35e, postalCode=110015, st=DELHI, serialNumber=6731e060e0bc5e3f830e585ae35e03ad27357 1a3d2d3b18fae6befc393248689, cn=SAMRIDHI RODHE Date: 2022.11.25 20:09:12 +05'30'

Samridhi Rodhe

Company Secretary

Indus Towers Limited

(formerly Bharti lnfratel Limited)

Registered & Corporate Office: Building No. 10, Tower A, 4th Floor, DLF Cyber City, Gurugram-122002, Haryana I Tel: [phone] Fax: [phone] CIN: L64201HR2006PLC073821 I Email: [e-mail] I www.industowers.com

Annexure A

Details under Regulation 30 of the Listing Regulations read with clause 2 of Annexure I of SEBI Circular

dated September 9, 2015

S. No.		Particulars		Details
1.	Type of securities proposed to be issued	Unsecured, Rated, Listed, Redeemable Non‐
					Convertible Debentures of face value of
					Rs. 10,00,000/‐ each
2.	Type of issuance (further public offering,	Private Placement
	rights	issue,	depository	receipts
	(ADR/GDR),	qualified	institutions
	placement, preferential allotment, etc.)
3.	Total number of securities proposed to be	Total up to Rs. 1,500 Crore (Base issue size of
	issued or the total amount for which the	Rs. 1,000 Crore and Green Shoe option of up to
	securities will be issued (approximately)/	an additional Rs. 500 Crore) in three series as
	Size of the issue			per Placement Memorandum
					Series I Debentures:
					Total up to Rs. 750 Crore (Base issue size of
					Rs. 500 Crore and Green Shoe option of up to
					an additional Rs. 250 Crore)
					Series II Debentures:
					Total up to Rs. 375 Crore (Base issue size of
					Rs. 250 Crore and Green Shoe option of up to
					an additional Rs. 125 Crore)
					Series III Debentures:
					Total up to Rs. 375 Crore (Base issue size of
					Rs. 250 Crore and Green Shoe option of up to
					an additional Rs. 125 Crore)
4.	Whether proposed to be listed? If yes, name	Yes, Wholesale Debt Market (WDM) of
	of the stock exchange(s)		National Stock Exchange of India Limited

Indus Towers Limited

(formerly Bharti lnfratel Limited)

Registered & Corporate Office: Building No. 10, Tower A, 4th Floor, DLF Cyber City, Gurugram-122002, Haryana I Tel: [phone] Fax: [phone] CIN: L64201HR2006PLC073821 I Email: [e-mail] I www.industowers.com

5.	Credit Rating	[ICRA] AA+ by ICRA Limited
		AA+/Stable by Credit Rating Information
		Services of India Limited
6.	Tenure of the instrument ‐ date of allotment	Series I		Series II		Series III
	and date of maturity
		24	months	30	months		36	months
		from	the	from	the		from	the
		Deemed Date	Deemed Date		Deemed Date
		of Allotment	of	Allotment		of Allotment
		as	per	as		per		as	per
		Placement	Placement			Placement
		Memorandum	Memorandum		Memorandum
7.	Coupon/interest offered, schedule of	Fixed Coupon as per Placement Memorandum
	payment of coupon/interest and principal
8.	Charge/security, if any, created over the	None. The NCDs are unsecured.
	assets
9.	Special right / interest / privileges attached	Nil
	to the instrument and changes thereof
10.	Delay in payment of interest / principal	N.A.
	amount for a period of more than three
	months from the due date or default in
	payment of interest / principal
11.	Details of any letter or comments regarding	N.A.
	payment/non‐payment of interest, principal
	on due dates, or any other matter
	concerning the security and/or the assets
	along with its comments thereon, if any
12.	Details of redemption of debentures	To be redeemed at par on maturity Date

Indus Towers Limited

(formerly Bharti lnfratel Limited)

Registered & Corporate Office: Building No. 10, Tower A, 4th Floor, DLF Cyber City, Gurugram-122002, Haryana I Tel: [phone] Fax: [phone] CIN: L64201HR2006PLC073821 I Email: [e-mail] I www.industowers.com