(iv) FPIs (other than individuals, corporate bodies and family offices) sponsored by the entities which are associate of the
Book Running Lead Managers.

Further, persons related to our Promoters and Promoter Group did not apply in the Issue under the Anchor Investor Portion.

For the purposes of the above, a QIB who has the following rights was deemed to be a person related to our Promoters or
Promoter Group:

ji rights under a shareholders’ agreement or voting agreement entered into with our Promoters or Promoter Group;
(ii) veto rights; or
(iii) right to appoint any nominee director on the Board.

Further, the Promoters and members of the Promoter Group did not participate by applying for Equity Shares in the Issue.
Further, an Anchor Investor was deemed to be an associate of the Book Running Lead Managers, if: (a) either of them controls,
directly or indirectly through its subsidiary or holding company, not less than 15% of the voting rights in the other; or (b) either
of them, directly or indirectly, by itself or in combination with other persons, exercises control over the other; or (c) there is a
common director, excluding a nominee director, amongst the Anchor Investor and the Book Running Lead Managers.

Bids by Mutual Funds

With respect to Bids by Mutual Funds, a certified copy of their SEBI registration certificate was required to be lodged along with
the Bid cum Application Form. Failing this, our Bank and the Selling Shareholders, in consultation with the Book Running Lead
Managers, reserve the right to reject any Bid without assigning any reason thereof.

Bids made by asset management companies or custodians of Mutual Funds shall specifically state names of the concerned
schemes for which such Bids are made.

In case of a Mutual Fund, a separate Bid could be made in respect of each scheme of the Mutual Fund registered with SEBI and
such Bids in respect of more than one scheme of the Mutual Fund were not treated as multiple Bids provided that the Bids clearly
indicated the scheme concerned for which the Bid has been made.

No Mutual Fund scheme could invest more than 10% of its net asset value in equity shares or equity related instruments of any
single company provided that the limit of 10% was not applicable for investments in case of index funds or sector or industry
specific schemes. No Mutual Fund under all its schemes should own more than 10% of any company’s paid-up share capital
carrying voting rights.

Bids by Eligible NRIs

Eligible NRIs could obtain copies of Bid cum Application Form from the Designated Intermediaries. Only Bids accompanied
by payment in Indian Rupees or freely convertible foreign exchange were considered for Allotment. Eligible NRI Bidders
bidding on a repatriation basis by using the Non-Resident Forms should authorize their respective SCSB or confirm or accept
the UPI Mandate Request (in case of RIBs Bidding through the UPI Mechanism) to block their Non-Resident External (“NRE”)
accounts, or Foreign Currency Non-Resident (“FCNR”) Accounts, and eligible NRI Bidders bidding on a non-repatriation basis
by using Resident Forms should authorize their respective SCSB or confirm or accept the UPI Mandate Request (in case of RIBs
Bidding through the UPI Mechanism) to block their Non-Resident Ordinary (“NRO”) accounts for the full Bid Amount, at the
time of the submission of the Bid cum Application Form. Participation of Eligible NRIs in the Offer shall be subject to the FEMA.
regulations.

Eligible NRIs Bidding on non-repatriation basis were advised to use the Bid cum Application Form for residents (White in
colour). Eligible NRIs Bidding on a repatriation basis were advised to use the Bid cum Application Form meant for Non-
Residents (Blue in colour).

For details of investment by NRIs, see “Restrictions on Foreign Ownership of Indian Securities” on page 393. Participation of
Eligible NRIs shall be subject to the FEMA Regulations.

Bids by HUFs

Bids by Hindu Undivided Families or HUFs, were required to be made in the individual name of the Karta. The Bidder/Applicant
was required to specify that the Bid is being made in the name of the HUF in the Bid cum Application Form/Application Form
as follows: “Name of sole or first Bidder/Applicant: XYZ Hindu Undivided Family applying through XYZ, where XYZ is the
name of the Karta’. Bids/Applications by HUFs were considered at par with Bids/Applications from individuals.

Bids by FPIs
381
