Reliance Industries : Notice of Record Date and Third Pay-in Date for the Unsecured Redeemable Non-Convertible Debentures (PPD Series IA) published in Business Standard (English language)

MUMBAI | 21 NOVEMBER 2020

POLITICS & PUBLIC AFFAIRS 13

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India thwarted JeM's efforts to wreak 'major havoc': PM

Sources say terrorists planned 'something big' on 26/11 anniversary

PRESS TRUST OF INDIA

New Delhi, 20 November

rime		Minister
Narendra	Modi on
PFriday held a review
meeting with top security
brass in the wake of the killing
of four JeM terrorists in
Jammu and Kashmir, and
asserted that security forces
have thwarted their efforts to	Modi launches RuPay Phase-II in Bhutan
wreak "major	havoc	and
destruction".
Government sources said	Prime Minister Narendra Modi	"The holders	of RuPay
that the terrorists were plan-	along	with	his Bhutanese	cards issued by the Bhutan
ning "something big" on the	counterpart Lotay Tshering on	National Bank will be able to
anniversary	of	the	26/11	Friday launched RuPay card	access the facility of more than
Mumbai terror attack.		Phase-II that will allow card	1 lakh ATMs and over 20 lakh
In his tweets following the	holders from Bhutan to access	points of sale terminals in
meeting,	Modi	said,	the RuPay network in India.	India," Modi said.	PTI
"Neutralising of 4 terrorists
belonging to Pakistan-based	explosives with them indicate	thwarted." Hailing the secu-
terrorist organisation Jaish-e-	that their efforts to wreak	rity forces, he said they have
Mohammed and the presence	major havoc and destruction	once again displayed utmost
of large cache of weapons and	have	once	again been	bravery and professionalism.

"Thanks to their alertness, they have defeated a nefarious plot to target grassroots level democratic exercises in Jammu and Kashmir," the prime minister added.

In the review meeting, Home Minister Amit Shah, NSA Ajit Doval, foreign secretary and top intelligence officials were present as Modi took stock of the situation.

Four Pakistan-basedJaish-e-Mohammad terrorists were killed and two policemen injured in a gun- battle in Nagrota on Thursday after a truck carrying newly infiltrated militants was inter- cepted, police had said.

Inspector General of Police (IGP), Jammu, Mukesh Singh, had said after the encounter that the terrorists had come to execute a "big plan" which has now been foiled.

Cong forms panels on economic, foreign affairs and national security

PRESS TRUST OF INDIA		Sonia goes to Goa on medical advice	the subjects	of	economic
New Delhi, 20 November		affairs, foreign	affairs	and
					national security," an official
					Congress president Sonia	insiders said.
Congress	president	Sonia		statement from AICC general
Gandhi has set up three sep-	Gandhi on Friday flew to Goa	Accompanied by her son	secretary KC Venugopal said.
arate committees for discus-	for a few days after doctors	Rahul Gandhi, the Congress		Incidentally, among those
sing policy issues related to	advised her to get away from	chief, who left the city this		nominated in the committees
economic	affairs,	foreign	the heavy pollution in the	afternoon, will be in Goa		include senior party leaders
affairs and national security,	national capital in view of her	till the air quality improves,		Ghulam Nabi Azad, Anand
with former prime minister	chronic chest infection, party	they said.	PTI	Sharma, Veerappa Moily and
Manmohan Singh part of all				Shashi Tharoor, who were
the three panels.		The committee on foreign	ha Ghulam Nabi Azad, party le-	part of the 23 letter-writers
While former finance min-	affairs will have Anand Shar-	aders Veerappa Moily, Vincent	seeking	an	organisational
ister P	Chidambaram, and	ma, Shashi Tharoor, Salman	H Pala and V Vaithilingam,	overhaul of the Congress.
party	leaders Mallikarjun	Khurshid and Saptagiri Ulaka.	with Pala as its convener.		While	Sharma	is	the
Kharge and Digvijaya Singh	Khurshid will be the convener	"The Congress president	chairman of the AICC foreign
will be part of the economic	of the panel. The committee on	has constituted three commit-	affairs department,	Shashi
affairs	committee,	Jairam	national security will have lea-	tees to consider and discuss	Tharoor	heads	the	party's
Ramesh will be its convener.	der of opposition in Rajya Sab-	issues and policies related to	Professional Congress.

> FROM PAGE 1	change and sudden weather changes on	holding company (NOFHC) structure.
the cost of wind power projects, and sub-	Therefore, for entities such as Bajaj
Lower dilution for...	sequently wind power tariffs.	Finserv, Aditya Birla Capital, and Tata
"The current and potential wind power	Capital, which also have insurance and
sites are identified so we cannot change	asset management operations, rejigging
"There is a need to rationalise the mini-	the sites for our projects. However, as wind	the corporate structure would be a pre-
mum dilution needed at the time of listing.	generation would reduce from these sites,	condition for conversion.
A lot of IPO aspirants have scaled up sig-	it would entail increased expenditure on	Hike promoter stake...
nificantly and a dilution of 10 per cent or	new technology and wind turbine equip-
more would not be commercially attrac-	ment, resulting in increased tariffs," said
tive. The key to drawing a line is there	Sunil Jain, chief executive officer, Hero	"Permitting higher shareholding will
should be enough liquidity, which in larger	Future Energies. The company's initial	enable promoters to infuse higher funds,
companies can be achieved by lesser than	analysis shows wind patterns seem to be	which are critical for expansion of banks,
10 per cent dilution," said Manan Lahoty,	declining in northern and western regions	and work as a cushion to rescue the bank
Partner, IndusLaw.	of the country. But, there is a probability	in times of distress," noted the panel.
"Of course, some parameters on m-cap	of increased wind pattern in the southern	Looking at global practices, the panel
and number of shares may be needed.	region. This would impact planning for	felt that "if India's private banks are to
Also, once the unlisted companies are	wind power projects and its injection into	grow, it appears desirable that they be per-
allowed to list overseas, a smaller dilution	the grid, which requires forecasting well	mitted to access the pool of capital avail-
for India listing will encourage a dual/sec-	in advance.	able in India and elsewhere without
ond listing in India," Lahoty added.	RBI panel for bank...	imposing excessively narrow investment
According to Sebi data, only 20 com-	limits".
panies have launched IPOs where the post-	The panel felt that while it is desirable
issue m-cap has been more than ~10,000	While the report draws attention to some	to have widely held banks to ensure that
crore at the time of listing. Of these, eight	contentious issues such as the threat of	controlling stake is not vested in one per-
firms have diluted only the mandatory 10	group company lending and co-mingling	son and entity, "when individual holdings
per cent in the IPO.	of funds, it states "…IWG recommends that	are small and shareholders are diffused,
Wind power battles...	large corporate/industrial houses may be	they also tend to be disengaged".
permitted to promote banks only after nec-	This view of the panel takes off from
essary amendments to the Banking	the P J Nayak Committee, which was for
"For the western, southern and northern	Regulations Act, 1949 to deal with con-	promoters' holding of 25 per cent as "low
regions, reduction in generation of 11-17	nected lending and exposures between the	promoters' shareholding could make
per cent was noticed (even without adjust-	banks and other financial and non-finan-	banks vulnerable by weakening the align-
ing for increased capacity in 2020 against	cial group entities akin to the US Federal	ment between management and share-
2019)," said the report.	Reserve Act in this regard; and strength-	holders".
The analysis by the agency showed that	ening of the supervisory mechanism for	As for non-promoter holding, while it
climate change-related disturbances	large conglomerates, including consoli-	has been proposed that the cap be hiked
across the South Asian region led to a fall	dated supervision".	to 15 per cent, it was opined that "the due
in wind power generation.	Though formulating regulations in this	diligence process as prescribed in the
March, April and May witnessed higher	regard may take time, the news is note-	'Master Directions on Prior Approval, 2015',
than normal rain in India, Pakistan, and	worthy as it comes a decade after the global	for shareholding above 10 per cent may be
Afghanistan. Cyclone Amphan, which hit	financial crisis, after which most devel-	continued. And, that the RBI "should
the eastern coast of India and Bangladesh	oped nations turned cautious on this idea.	reserve the right to prescribe any lower
in mid-May, caused high wind and heavy	The report offers industrial houses two	ceiling on holding or curb voting rights of
rain, leading to floods in the coastal	options - either make a straightforward	promoters and non-promoters, if at any
regions. Cyclone Nisarga made a landfall	application for a licence, or those that	point of time they are found to be not
on the western coast of India a few weeks	already have lending operations can con-	meeting 'fit and proper' criteria".
after Amphan. Nisarga was of low severity	vert their existing businesses to a bank.	The panel has also proposed a reduc-
in comparison with Amphan but caused	NBFCs have had this option since 2016,	tion in the time-frame needed for pay-
heavy rain and extreme winds for a few	but this time around the regulator has	ments banks to convert into small finance
days in June.	gone beyond the usual conditions on eli-	banks (SFB) to three years from five years.
"The rain and cyclonic activity in pre-	gible promoters and net worth. For the first	A tweak has also been suggested in the
monsoon months led to lower than	time it has set a minimum threshold on	listing criterion for SFBs and payment
expected temperatures in many parts of	assets required for conversion at ~50,000	banks. They may list within six years from
northern India. These cooler lands may	crore, apart from the clause that the entity	the date of reaching the net worth equiv-
have caused depressed general wind flows	be operational for 10 years.	alent to prevalent entry capital require-
and rain over much of the country in the	Abizer Diwanji, EY India Financial	ment prescribed for universal banks or 10
monsoon period," REConnect said in its	Services Leader, says 2016's on-tap univer-	years from the date of commencement of
analysis. Asim Ahmed, head of engineer-	sal licence model received tepid response	operations, whichever is earlier.
ing, REConnect Energy, said the impact	then because of the apprehension that	The revised threshold capital for licen-
of climate change was not just in the	they were backed by industrial houses.	sing new universal banks is proposed to
renewables sector.	"This time around I expect better partici-	be doubled to ·1,000 crore; and to ·300
"The broader picture is around increas-	pation," he says. Heads of some of these	crore for SFBs from ·200 crore.
ing instances of extreme weather events	NBFCs said they would soon convene	The panel's recommendations have
and weather-induced uncertainties, which	board meetings to discuss this.	also brought clarity on the glide-path with
will affect not only several businesses but	"Some of us are already deposit-taking	regard to non-operative financial holding
also critical infrastructure. These events	entities and even without a licence, we	company (NOFHC).
can be better planned for and mitigated	operate like a bank," said the CEO of a	It is speculated that the panel's sugges-
with timely predictions and monitoring,"	highly diversified NBFC. However,	tions could well be acted upon in the
Ahmed said.	another NBFC head said conversion would	Union Budget of FY22 with the finer oper-
Reduction in generation during high-	convince depositors of the safety of their	ational guidelines kicking in later. It could
wind months would lead to loss in revenue	money which they may not have had with	set the stage for the privatisation of state-
for wind power developers. The industry	an NBFC. "This would be the salient	run banks with more free-play for foreign
is now planning to factor in climate varia-	advantage of conversion, though we will	banks which decide to opt for local incor-
tions in their generation planning and	also have to look into the cost aspect of the	poration, and private equity firms.
costs. The Wind Independent Power	process," he added.	The release of the RBI working group's
Producers Association (WIPPA), for	Among other conditions, NBFCs with	report comes on the heels of DBS Bank
instance, recently commissioned a study	diversified operations may be required	being merged with the beleaguered
to understand the impact of climate	to adopt the non-operative financial	Lakshmi Vilas Bank.

Mutual Funds

Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life AMC Limited (Investment Manager for Aditya Birla Sun Life Mutual Fund) Registered Office: One India Bulls Centre, Tower 1, 17th Floor, Jupiter Mill Compound, 841, S.B.

Marg, Elphinstone Road, Mumbai - 400 013. Tel.: [phone]. Fax: [phone]. CIN: U65991MH1994PLC080811

A. Record Date for Dividend

NOTICE IS HEREBY GIVEN THAT the Trustees of Aditya Birla Sun Life Mutual Fund have approved Thursday, November 26, 2020*, as the Record Date for declaration of dividend subject to availability of distributable surplus on the Record Date, in the following scheme:

		Quantum of Dividend	NAV as on
Name of the Scheme	Plans/Option	# on face value of	November
		`10/- per unit	19, 2020 (`)
Aditya Birla Sun Life Interval	Regular Plan - Dividend	Entire distributable	10.0630
Income Fund - Quarterly Plan -	Option
Series I		surplus as available
Institutional Plan - Dividend
on the Record Date*	10.0629
(An Interval Income Scheme)
Option

The NAV of the scheme, pursuant to payout of dividend would fall to the extent of payout and statuto levy (if applicable).

• As reduced by the amount of applicable statuto levy. *or the immediately following Business Day if that day is a non-business day.

The Specified Transaction Period (STP) for the Scheme is on November 25, 2020 and November 26, 2020. The following shall be applicable for applications received during the STP:

a. For Subscriptions/Purchases including Switch-in:

• In respect of valid applications received till 1.00 p.m. on the aforesaid Record date, the ex-dividend NAV** of the day of receipt of application will be applicable for processing such subscription/ switch-in requests and such investors shall not be eligible for dividend declared, if any, on the aforesaid record date.

• In respect of applications for an amount equal to or more than `2 lakh, the applicable NAV shall be subject to the provisions of SEBI Circular Cir /IMD / DF / 19 / 2010 dated November 26, 2010 read with SEBI Circular Cir / IMD / DF / 21 / 2012 dated September 13, 2012, SEBI communication dated April 06, 2020 and subsequent notifications received on uniform cut-off timings for applicability of NAV.

1. For Redemptions/Sales including Switch-out:

• In respect of valid applications received till 1.00 p.m. on the aforesaid Record date, the ex-dividend NAV of the day of receipt of application will be applicable for processing such redemption/ switch-out requests and the investors will be eligible to receive the dividend declared, if any, on the aforesaid record date.

All unitholders whose names appear in the Register of Unitholders / Beneficial owners under the dividend option of the said scheme as at the close of business hours on the Record Date shall be eligible to receive the dividend so declared.

B. Addendum No. OPT/11/2020

Notice-cum-Addendum to the Scheme Information Document / Key Information

Memorandum of the Schemes of Aditya Birla Sun Life Mutual Fund

Investors / Unit holders are advised to take note of the following change made to the list of Official Points of Acceptance of Transactions ("OPAT") in the Schemes of Aditya Birla Sun Life Mutual Fund.

Change in the address of existing OPAT of Computer Age Management Services Limited, Registrar and Transfer Agent.

State	Old Address	New Address	Effective Date
Assam	Ground Floor, Usha Complex,	House No. 18B, 1st Floor, C/o. Lt.	Tuesday,
	Punjab Bank Building, Hospital	Satyabrata Purkayastha, Opposite	December 01,
	Road, Silchar - 788 005.	to Shiv Mandir, Near Sanjay Karate	2020
		Building, Near Isckon Mandir,
		Ambicapatty, Silchar -788 004.

This Notice-cum-Addendum forms an integral part of the Scheme Information Document / Key Information Memorandum issued for the Schemes read with the addenda issued thereunder.

For Aditya Birla Sun Life AMC Limited

(Investment Manager for Aditya Birla Sun Life Mutual Fund)	Date: November 20, 2020
Sd/-
Authorised Signato	Place: Mumbai

Mutual Fund investments are subject to market risks, read all scheme

related documents carefully.