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CLARIFICATION ON SOCIAL MEDIA NEWS

6th Aug 2021 11:37

RNS Number : 8775H

Axis Bank Limited

06 August 2021

AXIS/CO/CS/213/2021-22

August 6, 2021

Dear Sirs,

SUB: CLARIFICATION ON SOCIAL MEDIA NEWS RELATING TO AXIS BANK LED CONSORTIUM EXPOSURE TO FUTURE GROUP

We draw your attention to certain messages on social media wherein it is mentioned that an Axis Bank Limited led consortium has an exposure of Rs 16,000 cr to the Future group. In this context, the Bank has received queries seeking more information on its exposures to the Future group.

Accordingly, we clarify that Axis Bank's outstanding as on June 30, 2021 to Future group entities is as set out in the table below:

Entities	Outstanding Fund Based	Outstanding Non Fund Based	Total
Future Enterprises Limited	151	13	164
Future Retail Limited	250	55	305
Other Future group entities	158	21	179
All amounts in Rs Crore, rounded off to nearest Rs crore Other Future group entities comprises the aggregate of exposures to Future Lifestyle Fashions Ltd, Iskrupa Mall Management Company Pvt Ltd, Shree Balaji Ethnicity Retail Ltd, Nufuture Digital (India) Ltd, Rachika Trading Pvt Ltd, Galaxy Cloud Kitchens Limited, Galaxy Entertainment Corporation Ltd, and Indus Tree Producer Transform Private Limited.

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

Thanking you,

Yours Sincerely,

For Axis Bank Limited

Girish V. Koliyote

Company Secretary

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