We wish to inform you that the Company has approved the offer and issuance today i.e. Wednesday, July 29, 2020, of up-to 5,000 unsecured, redeemable, non-cumulative, taxable, non-convertible debentures ("NCD") of face value of Rs.10,00,000 at par aggregating to a total issue size of up to Rs.500 Crore (Five Hundred Crores only) on private placement basis to identified investors at the interest rate of 5.25% p.a. payable annually