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IDFC: Outcome Of 150Th Board Meeting Of IDFC Limited

Dear Sirs/Madam

The Board of Directors (the Board) of IDFC Limited (the Company) and IDFC Financial Holding Company Limited (IDFC FHCL) at their meetings held today i.e. September 17 2021 have inter alia considered and approved to initiate steps to divest its mutual fund business subject to requisite regulatory approvals as applicable. The Boards have authorised respective Strategy & Investment Committees to take necessary steps including appointment of Investment Banker for the same.

The above information is also available on the website of the Company: www.idfc.com

The Board Meeting commenced at 09:30 a.m. and concluded at 11:00 a.m.

Kindly take the aforesaid on record.

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