This has reference to Tata Communications Limited's letter No. HQ/CS/CL.24B dated April 12, 2020. The Board of Directors at its Meeting held on 15 April 2020 has approved fund raising by way of private placement of Rated, Secured, Listed, Redeemable Non-Convertible Debentures ("NCDs") for INR 5,000 million + Green Shoe Option of INR 1,500 million. The Board has approved the issue on following key terms and conditions: Instrument: Rated, Secured, Listed, Redeemable Non-Convertible Debentures ("NCDs"). Sole Arranger: Axis Bank Ltd. Debenture Trustee: IDBI Trusteeship Services Limited - SEBI approved Debenture Trustee. Tenor: 3 years from the Deemed Date of Allotment. Redemption Bullet redemption at the end of the Tenor (36 months). End Use of Issue Proceeds: Proceeds of the Issue will be used for: Refinancing of existing debt, and/or - General corporate purpose, and/or - Working Capital, and/or - Capital Expenditure incurred in the last 12 months. Coupon & Arrangement Fee: Coupon - 7.48% per annum Arrangement Fee- 0.25% flat on the issue size subscribed.