Reg office- IDBI Tower, WTC Complex, Cuffe Parade, - 400005 CIN No. L65190MH2004GOI148838

Notification for Sale of Financial Assets by IDBI Tranche-II (FY 2021-22) IVRCL Chengapalli Tollways Ltd (ICTL)

The consortium of Lenders led by IDBI Bank Limited is seeking Expression of Interest for acquiring the total exposure in ICTL to ARCs//NBFCs/FIs in line with the regulatory guidelines and Bank’s policy on sale of Financial Assets. However, please note that the sale will be subject to final approval by the Competent Authority of the Consortium lenders.

1. Brief details of financial asset showcased:- (Rs. in crore) GPO as on Share (%) RP on all Name of the Bank Sanction 31.03.21 cash basis IDBI Bank 286.50 286.47 33.23 166.15 97.30 89.08 11.29 56.45 Union Bank of 143.20 133.40 16.61 83.05 (e-) State 194.60 167.80 22.57 112.85 140.55 127.77 16.30 81.50 Total 862.15 804.52 100 500.00

2. The sale of asset to ARCs/Banks/NBFCs/FIs will be on ‘as is where is and as is what is’ and ‘without recourse’ basis to the consortium Lenders.

3. The interested ARCs/Banks/NBFCs/FIs can conduct due diligence of this asset after submitting Expression of Interest (EOI) and executing a Non-Disclosure Agreement (NDA) with the Bank, if not already executed. The EOI is to be submitted to the Deputy General Manager, NPA Management Group, IDBI Bank Limited, IDBI Tower, 11th Floor, Cuffe Parade, Mumbai –400005 (E mail: [email protected] ).

4. Further details of the account will be sent in the form of Preliminary Information Memorandum and Process Note on execution of NDA, if not already executed, on the Email IDs provided with the Expression of Interest (EOI). Thereafter, the prospective buyers will be allotted with User ID and passwords for accessing the E-data Room (online available @ 24 hrs) for due diligence. Notification for Sale of Financial Assets by IDBI Bank Tranche-II FY 2021-22-ICTL

5. The time schedule for completion of the sale process is given below, which may be taken note of and adhered to since no further extension will be made in the schedule:-

Invitation of Expression of Interest 04.09.2021 Publication of Advertisement seeking EOI 06.09.2021 Process Note (containing full details with Will be provided to the interested schedule , terms and conditions and format of buyers after executing NDA quotation for the proposed sale) to be furnished to interested patties Last Date of submission of Expression of 09.09.2021 Interest Submission of PIMs to buyers who have 09.09.2021 given Expression of Interest Due Diligence by interested parties (for From 09.09.2021 to 26.09.2021 through Buyers who have executed Non-Disclosure E-data room (online available @ 24 Agreement) hrs). Last Date of submission of Bids by interested 27.09.2021 till 3.00 pm. parties Opening of Bids 27.09.2021 at 5.00 pm. Inter-se Bidding among top three-Bidders 28.09.2021 Acceptance / Rejection of bid from concerned Subject to approval of the competent delegated authority of lenders and issuance of authority of lenders. LOA Time frame for receipt of Assignment Within 3 working days from the date of consideration issuance of LOA. Time frame for execution of Deed of Within 15 days from deposit of entire Assignment assignment consideration. The Lenders reserve the right to modify the time schedule and/or not to go ahead with the proposed sale at any stage without assigning any reason. The decision of the Bank in this regard shall be final & binding on all the participants.

6. Once the deal is finalized, the assignment deed and other legal formalities will be completed in the shortest possible time as mutually agreed upon. After completion of legal formalities, you may arrange to take over the relative correspondence mentioned above and other legal documents including the available details of the suit filed accounts from the concerned branches at a mutually convenient date and time, within 15 days from the date of execution of the Assignment Deed. If any document has been executed/ deposited with IDBI Bank on behalf of or jointly with other institutions/ banks, such documents shall either be handed to any of such participating institution/ bank or

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Notification for Sale of Financial Assets by IDBI Bank Tranche-II FY 2021-22-ICTL released by IDBI Bank to Successful Participants, after receipt of NOC from all concerned institutions/ banks/parties.

7. Notwithstanding anything contained in the Bid document, IDBI Bank (acting on behalf of the lenders) reserves the right to accept or reject or change/extend the deadlines/ time- lines of the Bid or negotiate further on the bid, or to annul the bid process and reject the bid, at any time, without any liability or any obligation for such acceptance, rejection or annulment and without assigning any reason for such actions. Upon such action, IDBI Bank’s decision in this behalf shall be final and binding on all the Participants(s).

8. In case of any further clarification, you may contact the following Nodal officer:

Contact Persons Telephone Number E-mail ID Smt. Lakshmi Veeraraghavan, +91-22-66552212 [email protected] DGM, NMG +91- 7732089922 Shri Abhirup Das, Manager, +91-22-66552452 NMG +91- 9233378006

Deputy General Manager Date: September 04, 2021. NPA Management Group

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