Bids by following FPIs, submitted with the same PAN but with different beneficiary account numbers, Client IDs and DP IDs
shall not be treated as multiple Bids:

° FPIs which utilise the multi investment manager structure;

. Offshore derivative instruments which have obtained separate FPI registration for ODI and proprietary derivative
investments;

° Sub funds or separate class of investors with segregated portfolio who obtain separate FPI registration;

° FPI registrations granted at investment strategy level/sub fund level where a collective investment scheme or fund has

multiple investment strategies/sub-funds with identifiable differences and managed by a single investment manager;

. Multiple branches in different jurisdictions of foreign bank registered as FPIs;
° Government and Government related investors registered as Category 1 FPIs; and
. Entities registered as collective investment scheme having multiple share classes.

The Bids belonging to any of the above mentioned seven structures and having same PAN may be collated and identified as a
single Bid in the Bidding process. The Equity Shares allotted in the Bid may be proportionately distributed to the applicant FPIs
(with same PAN).

A FPI may purchase or sell equity shares of an Indian company which is listed or to be listed on a recognized stock exchange
in India, and/ or may purchase or sell securities other than equity instruments.

FPIs are permitted to participate in the Offer subject to compliance with conditions and restrictions which may be specified by
the Government from time to time. In terms of the FEMA Non-debt Instruments Rules, for calculating the aggregate holding
of FPIs in a company, holding of all registered FPIs shall be included.

Subject to compliance with all applicable Indian laws, rules, regulations, guidelines and approvals in terms of Regulation 22 of
the SEBI FPI Regulations, an FPI, may issue, subscribe to or otherwise deal in offshore derivative instruments (as defined under
the SEBI FPI Regulations as any instrument, by whatever name called, which is issued overseas by a FPI against securities held
by it in India, as its underlying) directly or indirectly, only in the event (i) such offshore derivative instruments are issued only
by persons registered as Category I FPIs; (ii) such offshore derivative instruments are issued only to persons eligible for
registration as Category I FPIs; (iii) such offshore derivative instruments are issued after compliance with ‘know your client’
norms; and (iv) such other conditions as may be specified by SEBI from time to time.

An FPI issuing offshore derivate instruments is also required to ensure that any transfer of offshore derivative instruments
issued by, or on behalf of it subject to, inter alia, the following conditions:

(a) such offshore derivative instruments are transferred to persons subject to fulfilment of SEBI FPI Regulations; and

(b) prior consent of the FPI is obtained for such transfer, except when the persons to whom the offshore derivative
instruments are to be transferred are pre-approved by the FPI.

The FPIs who participated in the Offer were advised to use the Bid cum Application Form for non-residents.

Bids received from FPIs bearing the same PAN were required to be treated as multiple Bids and are liable to be rejected, except
for Bids from FPIs that utilize the multiple investment manager structure in accordance with the operational guidelines for FPIs
and designated Depository Participants issued to facilitate implementation of SEBI FP! Regulations (such structure referred to
as “MIM Structure”), provided such Bids have been made with different beneficiary account numbers, Client IDs and DP IDs.
Accordingly, it should be noted that multiple Bids received from FPIs, who do not utilize the MIM Structure, and bear the same
PAN, are liable to be rejected. In order to ensure valid Bids, FPIs making multiple Bids using the same PAN, and with different
beneficiary account numbers, Client IDs and DP IDs, are required to provide a confirmation in the Bid cum Application Forms
that the relevant FPIs making multiple Bids utilize the MIM Structure. In the absence of such confirmation from the relevant
FPIs, such multiple Bids shall be rejected.

Please note that in terms of the General Information Document, the maximum Bid by any Bidder including QIB Bidder should
not exceed the investment limits prescribed for them under applicable laws. Further, MIM Bids by an FPI Bidder utilising the
MIM Structure shall be aggregated for determining the permissible maximum Bid. Further, please note that as disclosed in the
Draft Red Herring Prospectus read with the General Information Document, Bid Cum Application Forms are liable to be
rejected in the event that the Bid in the Bid cum Application Form “exceeds the Offer size and/or investment limit or maximum
number of the Equity Shares that can be held under applicable laws or regulations or maximum amount permissible under
applicable laws or regulations, or under the terms of this Prospectus.”

For example, an FPI must ensure that any Bid by a single FPI and/ or an investor group (which means the same multiple entities
having common ownership directly or indirectly of more than 50% or common control) (collective, the “FPI Group”) shall be

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