In continuation to our intimation dated December 23, 2021 made to the stock exchanges, pursuant to Regulation 30 of the Listing Regulations (read with SEBI circular no. CIR/CFD/CMD/4/2015 dated September 9, 2015), regarding the proposed sale of 100% of the paid-up share capital of L&T Investment Management Limited ('L&T AMC'), a wholly owned subsidiary of the Company and the asset manager of L&T Mutual Fund to HSBC Asset Management (India) Private Limited ('Proposed Transaction'), please note that the necessary approval has been received from the Securities and Exchange Board of India ('SEBI') for the proposed change in control of L&T AMC consequent to the Proposed Transaction vide letter dated October 11, 2022, subject to compliance with certain conditions prescribed thereunder. All necessary actions are being taken to ensure completion of the Proposed Transaction in light of the letter received from SEBI.