OBJECTS OF THE OFFER

The Offer comprises a Fresh Issue of 5,528,161 Equity Shares, aggregating to = 1,500.00 million by our Company
and an Offer for Sale of 4,521,450 Equity Shares, aggregating to = 6,736.96 million by the Selling Shareholders,
subject to finalization of the Basis of Allotment.

The Offer for Sale

Our Company will not receive any proceeds of the Offer for Sale by the Selling Shareholders. Each of the Selling
Shareholders will be entitled to the respective proportion of the proceeds of the Offer for Sale after deducting their
portion of the Offer related expenses. Other than the listing fees for the Offer and expense on account of corporate
advertisements (which shall be exclusively borne by our Company), all cost, fees and expenses in respect of the
Offer will be shared among our Company and the Selling Shareholders, respectively, in proportion of the proceeds
received for the Fresh Issue and their respective portion of Offered Shares, as may be applicable, upon the
successful completion of the Offer. However, in the event that the Offer is withdrawn or not completed for any
reason whatsoever, all the Offer related expenses will be borne exclusively by our Company. Further, for ease of
operations, expenses of the Selling Shareholders may at the outset be borne by our Company and each Selling
Shareholder shall reimburse our Company for such expenses incurred by our Company on behalf of such Selling
Shareholders, in relation to the Offer, upon successful completion of the Offer in the manner as prescribed under
applicable law and agreed amongst the Company and the Selling Shareholders.

The Fresh Issue

Our Company proposes to utilize the funds which are being raised through the Fresh Issue, to = 1,500.00 million
(subject to finalization of the Basis of Allotment), after deducting the Offer related expenses to the extent payable
by our Company with respect to the Fresh Issue, towards funding the following objects (collectively, referred to
herein as the “Objects”):

1. repayment/pre-payment, in full or part, of certain borrowings availed of by our Company; and

2. general corporate purposes.

In addition to the aforementioned Objects, our Company expects to receive the benefits of listing of the Equity
Shares on the Stock Exchanges.

The main objects clause as set out in the MoA enables our Company to undertake our existing activities and the
activities for which funds are being raised by our Company through the Fresh Issue. The activities which have
been carried out until now by our Company are valid in terms of the objects clause of our MoA.

In addition, the listing of our Equity Shares is intended to enhance our visibility and brand name among existing
and potential customers.

Net Proceeds

The details of the Net Proceeds are summarized in the table below:

 

 

 

(in million)
Particulars Estimated Amount
Gross proceeds of the Fresh Issue 1,500.00*
(Less) Offer expenses to the extent applicable to the Fresh Issue 91.59
Net Proceeds 1,408.41*
* Subject to finalization of the Basis of Allotment
Requirement of funds and Utilization of Net Proceeds
The proposed utilization of the Net Proceeds is set forth in the table below:
(in million)
Particulars Estimated Amount
Repayment/pre-payment, in full or part, of certain borrowings availed of by our Company 1,200.00
General corporate purposes* 208.41
Net Proceeds 1,408.41

 

* The amount utilized for general corporate purposes shall not exceed 25% of the gross proceeds of the Fresh Issue.

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