SECTION III:
THE

The details of the Offer are summarized below.

INTRODUCTION

OFFER

 

Offer for Sale of Equity Shares

38,857,141) Equity Shares aggregating to 26,800.00 million

 

 

The Offer consists of:

 

 

 

 

 

 

 

 

 

 

 

 

(A)__ QB Portion 19,428,569" Equity Shares
Of which
Anchor Investor Portion 11,657, 1414 Equity Shares
Net QIB Portion (assuming Anchor Investor | 7,771,428 Equity Shares
Portion is fully subscribed)
Of which
Mutual Fund Portion 388,572 Equity Shares
Balance for all QIBs including Mutual Funds | 7,382,856" Equity Shares
(excluding Anchor Investor Portion)
(B)__Non-Institutional Portion 5,828,572A Equity Shares
(©)_ Retail Portion® 13,600,000 Equity Shares

 

 

Pre and Post-Offer Equity Shares

 

 

Equity Shares outstanding prior to the Offer (as of the date
of this Prospectus) and after the Offer

120,392,576 Equity Shares

 

 

Use of Offer Proceeds by our Company

 

Our Company will not directly receive the Offer Proceeds.
The Selling Shareholders will receive the proceeds from the
Offer for Sale.

The Promoter Selling Shareholder proposes to primarily
utilize his respective portion of the Offer proceeds to
purchase the VEPL CCPS from our Company and our
Company proposes to primarily utilize the proceeds from
such sale of VEPL CCPS to redeem the Listed NCDs. For
details, see “Objects of the Offer” on page 104.

 

 

* Subject to finalization of the Basis of Allotment

 

 

 

 

 

 

 

 

 

 

 

 

 

a The Offer has been authorized by a resolution dated August 4, 2021 passed by our Board.
(2) The details of the participation by each Selling Shareholder in the Offer are as set out below:
aay Name of the Selling Shareholder Date of consent letter | Amount Authorized | Number of Equity
. No.
Shares Offered’
1 Mr. Ravi B. Goyal January 5, 2022 Up to 26,775.80 38,718,857
: million
2. Mr. V.C. Gupte November 30, 2021 Up to 27.63 million 43,600
3. Mr. Shailesh Shetty November 30, 2021 Up to 25.97 million 34,114
4. Mr. Rakesh Kumar November 30, 2021 Up to 24.64 million 26,514
5. Mr. Nikhil Patiyat November 30, 2021 Up to 22.98 million 17,028
6. Mr. Rajesh Harshedrai Shah’ November 30, 2021 Up to 22.98 million 17,028
* Subject to finalization of the Basis of Allotment

Each of the Selling Shareholders, severally and not jointly, confirms that the Offered Shares have been held by such Selling

Shareholder for a period of at least one year prior to
eligible for being offered for sale in the Offer as requ
Structure” on page 80.

@)

the filing of the Draft Red Herring Prospectus, and are accordingly
red by the SEBI ICDR Regulations. For more details, see “Capital

Subject to valid Bids being received at or above the Offer Price, under-subscription, if any, in any category, except the QIB

Portion, was allowed to be met with spill-over from any other category or combination of categories at the discretion of our

Company and the Promoter Selling Shareholder in consul

4)

Our Company and the Promoter Selling Shareholder, i

tation with the BRLMs and the Designated Stock Exchange.

in consultation with the BRLMs, allocated 60% of the QIB Portion to

Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations. The QIB Portion was accordingly
reduced for the Equity Shares allocated to Anchor Investors. One-third of the Anchor Investor Portion was reserved for domestic

60

 

 
