() the industry sector in which the investee company operates: not more than 15% of the fund of a life insurer or a general
insurer or a reinsurer or 15% of the investment asset, whichever is lower.

The maximum exposure limit, in the case of an investment in equity shares, cannot exceed the lower of an amount of 10% of
the investment assets of a life insurer or general insurer and the amount calculated under (a), (b) and (c) above, as the case may
be.

The above limit of 10% shall stand substituted as 15% of outstanding equity shares (face value) for insurance companies with investment
assets of 22,500,000 million or more and 12% of outstanding equity shares (face value) for insurers with investment assets of 2500,000
million or more but less than 22,500,000 million.

Insurance companies participating in this Offer shall comply with all applicable regulations, guidelines and circulars issued by
IRDAI from time to time.

Bids by provident funds/pension funds

In case of Bids made by provident funds/pension funds, subject to applicable laws, with minimum corpus of 2250 million, a
certified copy of a certificate from a chartered accountant certifying the corpus of the provident fund/pension fund must be
attached to the Bid cum Application Form. Failing this, our Company and the Investor Selling Shareholder in consultation with
the BRLMs reserves the right to reject any Bid, without assigning any reason thereof.

Bids under power of attorney

In case of Bids made pursuant to a power of attorney or by limited companies, corporate bodies, registered societies, Eligible
FPIs, Mutual Funds, insurance companies, NBFC-SI insurance funds set up by the army, navy or air force of India, insurance
funds set up by the Department of Posts, India or the National Investment Fund and provident funds with a minimum corpus of
2250 million and pension funds with a minimum corpus of %250 million, in each case, subject to applicable law and in
accordance with their respective constitutional documents, a certified copy of the power of attorney or the relevant resolution
or authority, as the case may be, along with a certified copy of the memorandum of association and articles of association and/or
bye laws must be lodged along with the Bid cum Application Form. Failing this, our Company and the Investor Selling
Shareholder in consultation with the BRLMs reserves the right to accept or reject any Bid in whole or in part, in either case,
without assigning any reason thereof.

Our Company and the Investor Selling Shareholder in consultation with the BRLMs in their absolute discretion, reserve the
right to relax the above condition of simultaneous lodging of the power of attorney along with the Bid cum Application Form
subject to such terms and conditions that our Company and the Investor Selling Shareholder in consultation with the BRLMs
may deem fit.

Bids by Systemically Important Non-Banking Financial Companies

In case of Bids made by Systemically Important NBFCs registered with RBI, certified copies of: (i) the certificate of registration
issued by RBI, (ii) certified copy of its last audited financial statements on a standalone basis and a net worth certificate from
its statutory auditor, and (iii) such other approval as may be required by the Systemically Important NBFCs, are required to be
attached to the Bid cum Application Form. Failing this, our Company and the Investor Selling Shareholder in consultation with
the BRLMs, reserves the right to reject any Bid without assigning any reason thereof. Systemically Important NBFCs
participating in the Offer shall comply with all applicable regulations, guidelines and circulars issued by RBI from time to time.

The investment limit for Systemically Important NBFCs shall be as prescribed by RBI from time to time.

The above information is given for the benefit of the Bidders. Our Company, the Selling Shareholders and the members
of the Syndicate are not liable for any amendments or modification or changes in applicable laws or regulations, which
may occur after the date of this Prospectus. Bidders are advised to make their independent investigations and ensure
that any single Bid from them does not exceed the applicable investment limits or maximum number of the Equity
Shares that can be held by them under applicable law or regulation or as specified in the Red Herring Prospectus and
this Prospectus.

In accordance with existing regulations issued by the RBI, OCBs were not permitted to participate in this Offer.

Information for Bidders

The relevant Designated Intermediary will enter a maximum of three Bids at different price levels opted in the Bid cum
Application Form and such options are not considered as multiple Bids. It is the Bidder’ s responsibility to obtain the
acknowledgment slip from the relevant Designated Intermediary. The registration of the Bid by the Designated Intermediary
does not guarantee that the Equity Shares shall be allocated/Allotted. Such Acknowledgement Slip will be non-negotiable and
by itself will not create any obligation of any kind. When a Bidder revises his or her Bid, he /she shall surrender the earlier
Acknowledgement Slip and may request for a revised acknowledgment slip from the relevant Designated Intermediary as proof
of his or her having revised the previous Bid.

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