must be attached to the Bid cum Application Form. Failing this, our Company and the Promoter Selling
Shareholder, in consultation with the BRLMs, reserve the right to reject any Bid without assigning any reason
thereof.

Bids by Banking Companies

In case of Bids made by banking companies registered with RBI, certified copies of: (i) the certificate of
registration issued by RBI, and (ii) the approval of such banking company’s investment committee were
required to be attached to the Bid cum Application Form. Failing this, our Company and the Promoter Selling
Shareholder, in consultation with the BRLMs, reserve the right to reject any Bid without assigning any reason
thereof. The investment limit for banking companies in non-financial services companies as per the Banking
Regulation Act, the Reserve Bank of India (Financial Services provided by Banks) Directions, 2016, as
amended and Master Circular on Basel III Capital Regulations dated July 1, 2014, as amended, is 10% of the
paid up share capital of the investee company, not being its subsidiary engaged in non-financial services, or
10% of the bank’s own paid-up share capital and reserves, whichever is lower.

However, a banking company would be permitted to invest in excess of 10% but not exceeding 30% of the paid
up share capital of such investee company, subject to prior approval of the RBI if (i) the investee company is
engaged in non-financial activities permitted for banking companies in terms of Section 6(1) of the Banking
Regulation Act; or (ii) the additional acquisition is through restructuring of debt, or to protect the banking
company’s interest on loans/investments made to a company. The bank is required to submit a time bound
action plan to the RBI for the disposal of such shares within a specified period. The aggregate investment by a
banking company along with its subsidiaries, associates or joint ventures or entities directly or indirectly
controlled by the bank; and mutual funds managed by asset management companies controlled by the bank,
more than 20% of the investee company’s paid up share capital engaged in non-financial services. However,
this cap doesn’t apply to the cases mentioned in (i) and (ii) above. The aggregate equity investments made by a
banking company in all subsidiaries and other entities engaged in financial services and non-financial services,
including overseas investments shall not exceed 20% of the bank’s paid-up share capital and reserves.

Bids by SCSBs

SCSBs participating in the Offer were required to comply with the terms of the circulars issued by the SEBI
dated September 13, 2012 and January 2, 2013. Such SCSBs are required to ensure that for making applications
on their own account using ASBA, they should have a separate account in their own name with any other SEBI
registered SCSBs. Further, such account was required to be used solely for the purpose of making application in
public issues and clear demarcated funds should be available in such account for such applications.

Bids by Systemically Important NBFCs

In case of Bids made by Systemically Important NBFCs registered with RBI, certified copies of: (i) the
certificate of registration issued by RBI, (ii) the last audited financial statements on a standalone basis, (iii) a net
worth certificate from its statutory auditors, and (iv) such other approval as may be required by the Systemically
Important NBFCs were required to be attached to the Bid cum Application Form. Failing this, our Company and
the Promoter Selling Shareholder, in consultation with the BRLMs, reserve the right to reject any Bid without
assigning any reason thereof.

Systemically Important NBFCs participating in the Offer shall comply with all applicable regulations,
directions, guidelines and circulars issued by the RBI from time to time.

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

In case of Bids made by insurance companies registered with the IRDAI, a certified copy of certificate of
registration issued by IRDAI was required to be attached to the Bid cum Application Form. Failing this, our
Company and the Promoter Selling Shareholder, in consultation with the BRLMs, reserve the right to reject any

Bid without assigning any reason thereof.

The exposure norms for insurers are prescribed under the IRDAI Investment Regulations, based on investments.
in equity shares of the investee company, the entire group of the investee company and the industry sector in

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