SECTION III - INTRODUCTION

THE OFFER

The following table summarizes details of the Offer:

 

“Offer 5,528,161* Equity Shares aggregating to € 8,236.96" million

 

The Offer consists of:

 

 

“(Fresh Issue® 1,006,711* Equity Shares aggregating to % 1,500.00* million

 
 

 

i) Offer for Sale? 4,521,450* Equity Shares aggregating to 2 6,736.96* million

 

 

 

 

 

 

 

 

 

 

 

 

~ Of which:

_QIB Category Not more than 2,764,079" Equity Shares _
Of which:
Anchor Investor Portion : - Not more than 1,658,447* Equity Shares
Balance of QIB Category available for allocation to 1,105,632* Equity Shares
QIBs (assuming the Anchor Investor Portion is fully
subscribed)
Of whic! - -
‘Available for allocation to Mutual Funds only (5% of 55,282* Equity Shares
the QIB Category (excluding the Anchor Investor
Portion)
Balance of QIB Category for all QIBs including 1,050,350* Equity Shares
Mutual Funds

 

~Non-Institutional Category

 

 

 

 

 

 

 

 

 

Retail Category® Not less than 1,934,857* Equity Shares
Equity Shares outstanding before the Offer 20,121,600* Equity Shares
~ Equity Shares outstanding after the Offer 21,128,311* Equity Shares
“Use of proceeds of the Oller For further information, see “Objects of the Offer” on page 80.

Our Company will not receive any portion of the proceeds from
the Offer for Sale.

 

@

(2)

@)

(4)

* Subject to finalization of the Basis of Allotment

The Offer has been authorized by a resolution of our Board dated December 5, 2020 and the Fresh Issue has been authorized by a
special resolution of our Shareholders, dated December 7, 2020.

The Equity Shares being offered by the Selling Shareholders have been held for a period of at least one year immediately preceding the
date of the filing of the Draft Red Herring Prospectus with SEBI, and are eligible for being offered for sale pursuant to the Offer in terms
of the SEBI ICDR Regulations.The Selling Shareholders, severally and not jointly, have confirmed and authorized their respective
participation in the Offer for Sale. For further information, see “Other Regulatory and Statutory Disclosures" on page 332.

Subject to valid bids being received at or above the Offer Price, undersubscription, if any, in any category, except in the QIB Category,
was allowed to be met with spill-over from any other category or combination of categories of Bidders at the discretion of our Company
and the Investor Selling Shareholders, in consultation with the BRLMs and the Designated Stock Exchange, subject to applicable laws
Under-subscription, if any, in the QIB Category (excluding the Anchor Investor Portion) was not allowed to be met with spill-over from
other categories or a combination of categories. In case of an under subscription in the Offer; after meeting the minimum subscription
requirement of 90% of the Fresh Issue, the balance subscription in the Offer will be first met through the Equity Shares offered pursuant
to the Offer for Sale on a pro-rata basis in a manner proportionate to the respective portion of the Offered Shares of each Selling
Shareholder and subsequently, the balance part of the Fresh Issue.

 

 

Our Company and the Investor Selling Shareholders, in consultation with the BRLMs, allocated up to 60% of the QIB Category to
Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations. One-third of the Anchor Investor Portion
was reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor
Investor Allocation Price. For further information, see “Offer Procedure” on page 350.

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