Update Regarding debt securities of JSW GMR Cricket Pvt. Ltd.

• Notice No: 20181130-2
• Notice Date: 30 Nov 2018
• Category: Company related
• Segment: Debt

In continuation to the Exchange Notice - 20181116-14 dated November 16, 2018 regarding Listing of new debt securities of JSW GMR Cricket Pvt. Ltd., Trading Members are requested to note that w.e.f. Monday, December 03, 2018 the following Scrip Code bearing the following ISIN would be available for trading under the revised terms as mentioned below.

Scrip Code: 957984 ISIN: INE295P08011

Reference to the clause of the Debenture Trust Deed	Existing Terms of the DTD	Revised Terms of the DTD
5.3 of Schedule I (Terms & Conditions)	The proposed clause is not in the existing Debenture Trust Deed and same would be inserted post receipt of in-principle approval from BSE. (new insertion)	The Company shall have the right to redeem the Debentures once during the tenor of the Debentures, for an amount of INR 550,000,000 (Indian Rupees fifty five crores), pro rata to the Debentures held by each Debenture Holder.
5.5 of Schedule I (Terms & Conditions)	The proposed clause is not in the existing Debenture Trust Deed and same would be inserted post receipt of in-principle approval from BSE. (new insertion)	The Debenture Holders may require the Company to redeem all of the outstanding Debentures in full by delivering a Put Option Exercise Notice to the Company (with a copy to the Debenture Trustee) and by requiring the Company to pay the entire Debt in relation to all the Debentures being redeemed and all other amounts payable to the Debenture Holders under the Transaction Documents or otherwise in respect of all of the Debentures on the Option Date 1. The Put Option Exercise Notice issued pursuant to this paragraph 5.5(b) shall specify the Debt payable in relation to the Debentures being so redeemed, and shall be required to be issued at least 3 (three) months prior to the Option Date 1. Debenture Holder will also have a Put Option right at the end of 15 months from the deemed date of allotment i.e. Option Date 1, by giving a notice of 3 months to the Company.
Para 12 of Part – II – Conditions Subsequent of Schedule 5 (Conditions) of the Amended Debenture Trust Deed	The Company shall submit with the Debenture Trustee on or before November 30, 2018, a copy of the approval issued by BCCI for creation of Security pursuant to the Deed of Hypothecation	Deleted
Para 13 of Part – II – Conditions Subsequent of Schedule 5 (Conditions) of the Amended Debenture Trust Deed	The Company shall submit with the Debenture Trustee within 90 (ninety) days from the date on which the ‘Apex Council’ of BCCI is constituted in terms of the constitution of BCCI approved by the Hon’ble Supreme Court of India vide its order dated August 9, 2018 in Civil Appeal No. 4235 of 2014 (Board of Control for Cricket in India and Ors. v. Cricket Association of Bihar & Ors), a copy of the approval issued by BCCI for creation of Security pursuant to the Pledge Agreement, provided if the right to approve the pledge is vested with or delegated to another person, then the period of 90 (ninety) days referred above would commence from the date of appointment of such person.”	Deleted

Trading Members may contact the following Officials for further details if any:

Name of the Officer	Contact details	Email Id
Mr. Akshay Arolkar	[phone]	[e-mail]

Rupal Khandelwal

Manager

November 30, 2018