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Tranche Prospectus (February 10, 2022)

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These materials you are seeking to access are being made available on the website solely in connection with the proposed public issue of tax-free secured, redeemable, non-convertible bonds in the nature of debentures having tax benefits under section 10(15)(iv)(h) of the Income Tax Act, 1961, as amended (the “Bonds ”) for an amount aggregating upto Rs. 1,000 Crores in fiscal 2014, by Indian Renewable Energy Development Agency Limited (the “Issuer”), to eligible investors in India (the “Issue”). The Issue is being made under applicable laws including in particular the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008, as amended (the “SEBI Debt Regulations”), Companies Act, 1956, as amended, the Companies Act 2013, to the extent notified and notification no. 61/2013.F.No.178/37/2013- (ITA.I) dated August 8, 2022 issued by the Central Board of Direct Taxes, Department of Revenue, Ministry of Finance, Government of India (the “CBDT Notification”). The tranche prospectus dated February 10, 2022 (the “Prospectus Tranche- I”) has been filed by the Issuer with the National Stock Exchange of India Limited (“NSE”) and BSE Limited. (“BSE”) (which is the designated stock exchange for the Issue) the Registrar of Companies, National Capital Territory of Delhi and Haryana (“RoC”) and with the Securities and Exchange Board of India (“SEBI”).

Karvy Investor Services Limited has taken all necessary steps to ensure that the contents of the Prospectus Tranche- I as appearing on this website are identical to the Prospectus Tranche- I filed with NSE and BSE in accordance with the SEBI Debt Regulations. You are reminded that documents transmitted in electronic form may be altered or changed during the process of transmission and consequently, neither Karvy Investor Services Limited, nor any of its affiliates accept any liability or responsibility whatsoever in respect of alterations or changes which have taken place during the course of transmission of electronic data. Karvy Investor Services Limited will not be responsible for any loss or damage that could result from interception and interpretation by any third parties of any information being made available to you through this website. Any other information contained in, or which can be accessed via a link/ hyperlink from this website does not constitute a part of the Prospectus Tranche- I Karvy Investor Services Limited and its affiliates, directors, officers and agents shall not be liable or responsible in any manner for any loss or damage that could result from interception by third parties of any information being made available to you through this website or that you may incur in the event of any failure or disruption of this website, or resulting from any act or omission of any other party involved in making this website or the data contained herein available to you, or from any other cause relating to your access to, inability to access, or use of the website or the materials contained herein, or resulting from the act or omission of any other party involved in producing or hosting this website or the data contained therein available to you, or from any other cause relating to your access to, inability to access or use of the website or these materials.

Access to this website does not constitute an offer or an invitation to the public, to subscribe for or purchase any securities of the Issuer and shall not form the basis of, or be relied upon in connection with, any contract or commitment whatsoever. Further it does not constitute a recommendation by the Issuer or by its lead managers or any other party to buy or sell securities in the Issuer. We are not soliciting any action or decision based on the information on this website. The Shelf Prospectus has not been reviewed or approved by SEBI, RoC , stock exchanges in India, the Reserve Bank of India or any other statutory and regulatory authority. The materials presented here may not be accessed in any jurisdiction where the delivery of such materials may not be permitted by law. You must satisfy yourself that you are not subject to any local requirements which prohibit or restrict you from accessing these materials.

In addition, these materials are not directed at or accessible by the following persons:

  1. Minors not applying through their guardians;
  2. Persons Resident Outside India and foreign nationals (including Non- Resident Indians, Foreign Institutional Investors , Qualified Foreign Investors and Foreign Portfolio Investors);
  3. Overseas Corporate Bodies;
  4. Indian Venture Capital Funds;
  5. Foreign Venture Capital Investors;
  6. Persons ineligible to contract under applicable statutory/ regulatory requirements; and
  7. Any category of investor other than the Investors mentioned under Category I (Qualified Institutional Buyers), Category II (Domestic Corporates), Category III (Domestic High Networth Individuals/ High Networth Individuals) and Category IV (Retail Individual Investors).

For taking an investment decision, investors must rely on their own examination of the Issuer and the Issue, including the risks and tax implications involved. The Shelf Prospectus behind these screens may contain statements about future events and expectations that constitute forward-looking statements. There can be no assurance that the results and events contemplated by the forward-looking statements contained there will in fact occur. None of the future projections, expectations, estimates or prospects in the Shelf Prospectus should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in the Shelf Prospectus. We make no representation or warranty, express or implied, as to, and do not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinion in the Shelf Prospectus behind these screens.

The information contained in the Shelf Prospectus has not been updated since its original publication date and may not reflect the latest updated information about any contents of the Shelf Prospectus. We undertake no obligation to update or revise any information or the opinions expressed in the Shelf Prospectus as a result of new information, future events or otherwise. The information presented or contained in these materials is subject to change without notice and its accuracy is not guaranteed.

The contents of the Shelf Prospectus are for your information only. You are not authorized on behalf of the Issuer to copy or duplicate all or any part of the Shelf Prospectus in any form by any means, or redistribute it to any other person, for any purpose whatsoever. Any such distribution, forwarding or reproduction of the Shelf Prospectus in whole or in part is unauthorized and the Issuer, its affiliates, directors, officers and agents shall not be responsible, in any way, for the same. Failure to comply with this directive may result in a violation of applicable laws.

To access this information, you must confirm by pressing on the button marked "I Confirm" that, at the time of access you are located in India and/or otherwise eligible to invest in the Issue. If you cannot make this confirmation, you must press the button marked "I Do Not Confirm". By clicking on "I confirm", you further confirm that you shall not base any investment decision on the information contained here and you agree that the information contained here is not an offer or a solicitation or an invitation to an offer to subscribe to the securities of the Issuer, or a recommendation to buy or sell any such securities in any manner or in any other jurisdiction where the same cannot be lawfully delivered in accordance with the laws of the jurisdiction where you are located. You also confirm that you are permitted to proceed to the electronic version of these materials.

I have read and understood the disclaimer set out above. I understand that it may affect my rights. I agree to be bound by its terms. I confirm that I am permitted to proceed to electronic versions of these materials.

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