Except to the extent of participation in the Offer for Sale by the Promoter, the Promoter and the Promoter Group
did not participate in the Offer.

Bids by Mutual Funds

With respect to Bids by Mutual Funds, a certified copy of their SEBI registration certificate was required to be
lodged with the Bid cum Application Form. Failing this, our Company and the Investor Selling Shareholders
reserved the right to reject any Bid without assigning any reason therefore. Bids made by asset management
companies or custodians of Mutual Funds were required to 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 a Mutual Fund registered
with SEBI and such Bids in respect of more than one scheme of a Mutual Fund were not treated as multiple Bids,
provided that such Bids clearly indicate the scheme for which the Bid was submitted.

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 scheme. No Mutual Fund under all its schemes can 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. Eligible
NRIs applying on a repatriation basis were required to authorize their SCSBs or confirm or accept the UPI
Mandate Request (in case of Retail Individual Investors Bidding through the UPI Mechanism) to block their Non-
Resident External (“NRE”) accounts (including UPI ID, if activated), or Foreign Currency Non-Resident
(“FCNR”) accounts, and Eligible NRIs Bidding on a non-repatriation basis were required to authorize their
SCSBs to block their Non-Resident Ordinary (“NRO”) accounts for the full Bid amount, at the time of submission
of the Bid cum Application Form.

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

Eligible NRIs Bidding on non-repatriation basis were advised to use the Bid cum Application Form for residents
(white in colour).

Participation of Eligible NRIs in the Offer is subject to the FEMA Rules. Only Bids accompanied by payment in
Indian rupees or fully convertible foreign exchange will be considered for Allotment.

Bids by HUFs

With respect to Bids by Hindu Undivided Families or HUFs, in the individual name of the Karta, the Bidder was
required to specify that the Bid was being made in the name of the HUF in the Bid cum Application Form as
follows: “Name of sole or First Bidder: XYZ Hindu Undivided Family applying through XYZ, where XYZ is the
name of the Karta”. Bids by HUFs was considered at par with Bids from individuals.

Bids by FPIs

In terms of the SEBI FP! Regulations, the investment in Equity Shares by a single FPI or an investor group (which
means multiple entities registered as FPIs and directly or indirectly having common ownership of more than 50%
or common control) must be below 10% of our post-Offer Equity Share capital. Further, in terms of the FEMA
Rules, the total holding by each FPI or an investor group shall be below 10% of the total paid-up Equity Share
capital of our Company. With effect from the April 1, 2020, the aggregate limit by FPIs shall be the sectoral caps
applicable to the Indian company as prescribed in the FEMA Rules with respect to its paid-up equity capital on a
fully diluted basis. While the aggregate limit as provided above could have been decreased by the concerned
Indian companies to a lower threshold limit of 24% or 49% or 74% as deemed fit, with the approval of its board
of directors and its shareholders through a resolution and a special resolution, respectively before March 31, 2020,
our Company has not decreased such limit and accordingly the applicable limit with respect to our Company is
100%. In terms of the FEMA Rules, for calculating the aggregate holding of FPIs in a company, holding of all
registered FPIs shall be included.

354
