ISSUE OF COMMERCIAL PAPER (CP): LETTER OF OFFER ANNEXURE- I Proposed Date of Issue : 28 Apr, 2021 Credit Rating for CP : CRISIL A1+, ICRA A1+ Date of Rating : 20 Apr, 2021 for CRISIL and 07 April 2021 ICRA Validity for issuance : 30 days for CRISIL and 3 months for ICRA Validity period for rating : Tenor, with maximum period of one year for CRISIL and 05 July, 2022 for ICRA For Amount : INR 6000 Crores from CRISIL and ICRA Conditions (If Any) : NIL
Exact purpose Of Issue of CP : Cash flow mismatch Credit Support (If Any) : NIL a) Description of Instrument : NIL b) Amount : NIL c) Issued By : NIL d) In Favour of : NIL Net Worth of the Guarantor Company : NA
Names of Companies To Which Guarantor Has Issued Similar Guarantee :NA
Extent of The Guarantee Offered By The Guarantor: Company :NA
Conditions Under Which The Guarantee Will Be : NA Invoked Details of Current Tranche:
ISIN AMOUNT MATURITY DATE CURRENT CREDIT VALIDITY CRA RATING PERIOD OF RATING INE121J14101 Rs. 300 Cr. 28/07/2021 A1+ One year CRISIL Name and Address of the Trustee: :NA
Listing : Proposed to be Listed : Listed Issuing & Paying Agent : Kotak Mahindra Bank Limited 12BKC, Treasury Operations, 7th Floor, Plot C-12, G Block, Bandra Kurla Complex, Bandra (East) Mumbai – 400 051 Market Conventions : FIMMDA CONVENTIONS
Indus Towers Limited (formerly Bharti Infratel Limited) Corporate Office: Building No. 10, Tower A, 4th Floor, DLF Cyber City, Gurugram – 122002, Haryana | Tel: +91-124-4296766 Registered Office: 901, Park Centra, Sector 30, Gurugram – 122001, Haryana | Tel: +91-124-4132600
CIN: L64201HR2006PLC073821 | Email: [email protected] | www.industowers.com
CP Borrowing Limit : : INR 6000 Crore
Supporting Board Resolution for CP Borrowing : Resolution Dated 28 Jan, 2021 Resolution Dated
Total CP Outstanding (As on Date) :INR 1700 Cr.
Details of CPs issued during the last 15 Months : NA ISIN ISSUE AMOUNT MATURITY AMOUNT IPA CRA RATING RATED DATE DATE O/S AMOUNT INE121J 26-04-20 Rs. 300 Cr. Kotak Mahindra CRISIL & A1+ Rs. 6000 cr Rs. 300 Cr. 30/06/2021 14093 Bank Ltd ICRA INE121J 01-02-20 NIL Kotak Mahindra CRISIL & A1+ Rs. 6000 cr Rs. 330 Cr. 29/03/2021 14036 Bank Ltd ICRA INE121J 01-02-20 Kotak Mahindra CRISIL & A1+ Rs. 6000 cr Rs. 300 Cr. 28/04/2021 Rs. 300 Cr. 14044 Bank Ltd ICRA INE121J 01-02-20 Kotak Mahindra CRISIL & A1+ Rs. 6000 cr Rs. 600 Cr. 30/04/2021 Rs. 600 Cr. 14051 Bank Ltd ICRA INE121J 01-02-20 Kotak Mahindra CRISIL & A1+ Rs. 6000 cr Rs. 370 Cr. 26/04/2021 NIL. 14069 Bank Ltd ICRA INE121J 01-02-20 NIL Kotak Mahindra CRISIL & A1+ Rs. 6000 cr Rs. 700 Cr. 08/03/2021 14077 Bank Ltd ICRA INE121J 01-02-20 Rs. 500 Cr Kotak Mahindra CRISIL & A1+ Rs. 6000 cr Rs. 500 Cr. 03/05/2021 14085 Bank Ltd ICRA INE121J 20-10-20 Rs. 100 cr 29-10-2020 NIL Kotak Mahindra CRISIL & A1+ Rs. 6000 cr 14010 Bank Ltd ICRA INE121J 19-11-20 Rs. 2000 cr 26-11-2020 NIL Kotak Mahindra CRISIL & A1+ Rs. 6000 cr 14028 Bank Ltd ICRA INE121J 19-11-20 Rs. 600 cr. 26-11-2020 NIL Kotak Mahindra CRISIL & A1+ Rs. 6000 cr 14028 Bank Ltd ICRA INE121J 19-11-20 Rs. 600 cr 26-11-2020 NIL Kotak Mahindra CRISIL & A1+ Rs. 6000 cr 14028 Bank Ltd ICRA INE121J 19-11-20 Rs. 500 cr. 26-11-2020 NIL Kotak Mahindra CRISIL & A1+ Rs. 6000 cr 14028 Bank Ltd ICRA
* Issuer’s liability under the CP will continue beyond due date, in case the CP is not redeemed on due date
Details of Other Debt Instruments Outstanding: NIL ISIN ISSUE AMOUNT MATURITY AMOUNT DATE DATE O/S
Indus Towers Limited (formerly Bharti Infratel Limited) Corporate Office: Building No. 10, Tower A, 4th Floor, DLF Cyber City, Gurugram – 122002, Haryana | Tel: +91-124-4296766 Registered Office: 901, Park Centra, Sector 30, Gurugram – 122001, Haryana | Tel: +91-124-4132600
CIN: L64201HR2006PLC073821 | Email: [email protected] | www.industowers.com
Bank fund-based facilities from banks/Financial as on 31.03.2021: Rs 6366 Crores Name of the bank Nature of facility O/S amount/Limit in cr Asset classification HDFC Bank Short Term 575 Standard HDFC Bank Long Term 1,609 Standard Kotak Bank Short Term 400 Standard Kotak Bank Long Term 267 Standard Axis Bank Short Term 1,570 Standard Axis Bank Long Term 825 Standard Federal Bank Short Term 290 Standard MUFG Bank Short Term 830 Standard Citibank Short Term Nil Standard
Name and Address of Issuer : Indus Towers Limited 901, Park Centra, Sector -30 N.H-8, Gurgaon -122001 Haryana, India Line of Business : Telecommunications Towers & Infrastructure Chief Executive (CFO) : Mr. Vikas Poddar Group Affiliation (If Any) :
Financial Summary FINANCIAL SUMMARY March 31, 2021 March 31, 2020 March 31, 2019 INR (Crores) INR (Crores) INR (Crores) Equity 2,694.90 1,849.60 1,849.60 Net worth 13,045.80 27,528.00 27,827.30 Investment In Subsidiaries/Affiliates 15.00 6,041.90 6,041.90 Total Debt Outstanding -Short Term 6,659.00 6,043.70 4,463.10 (< 1 Year) Other Debt 1,507.40 166.70 1,122.30 Gross Income 25,971.20 25,840.10 26,778.20 Operating Profit (PBITD) 13,395.20 12,864.80 11,568.00 Gross Profit (PBTD) 11,993.10 11,669.20 11,397.30 Net Profit (Post Tax) 4,975.10 5,013.80 5,201.00 Audit Qualifications (If Any) : NIL Material Litigation, If Any : NIL
Regulatory Strictures, If Any : NIL
Details of Default of CPs, Including Technical Delay in Redemption during Past Three Years: NIL Details of Default and Delay in Redemption of Any Other Borrowings during Last Three Years: NIL
Authorised Signatory of the Issuer : Date : 26 Apr, 2021 Original / Authenticated Copy of Any Document Related to Above Information Will Be Made Available to the Investors On Request.
Indus Towers Limited (formerly Bharti Infratel Limited) Corporate Office: Building No. 10, Tower A, 4th Floor, DLF Cyber City, Gurugram – 122002, Haryana | Tel: +91-124-4296766 Registered Office: 901, Park Centra, Sector 30, Gurugram – 122001, Haryana | Tel: +91-124-4132600
CIN: L64201HR2006PLC073821 | Email: [email protected] | www.industowers.com