OFFER DOCUMENT SUMMARY

The following is a general summary of certain disclosures and terms of the Offer included in this Prospectus
and is neither exhaustive, nor purports to contain a summary of all the disclosures in the Red Herring
Prospectus and this Prospectus, or all details relevant to prospective investors. This summary should be read in
conjunction with, and is qualified in its entirety by, the more detailed information appearing elsewhere in this

Prospectus, including “Risk Factors”, “The Offer”, “Capital Structure

 

“Objects of the Offer”, “Industry

Overview”, “Our Business”, “Our Promoters and Promoter Group”, “Financial Statements”, “Outstanding
Litigation and Material Developments”, “Offer Procedure” and “Description of Equity Shares and Terms of
the Articles of Association” on pages 24, 60,80,104,116,153,210,217,358 and 432, respectively.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of|We were one of the largest integrated omni-channel payment solutions provider in India in terms of

the primary | providing digital and cash-based solutions to banks and corporate clients, as of March 31, 2021 (Source:

business of | Ken Payments Report). We provide customised products and services comprising ATM and CRM

the Company | outsourcing, cash management and digital payment solutions including merchant solutions, transaction
processing services and mobile wallets. As of March 31, 2021, we were the second largest company in India
in terms of revenue from ATM managed services under the outsourcing model, and revenue from cash
management and number of ATMs replenished (Source: Ken ATM Report).

Summary of|Cash payment transactions, and consequently, the demand for ATMs, CRMs and related services, is

the Industry | expected to continue to grow due to, among others, Gol initiatives such as Direct Benefit Transfer and
PMJDY (Source: Ken ATM Report). At the same time, the launch of new and innovative payment products,
increased demand for cashless transactions due to the COVID-19 pandemic, increasing smartphone
adoption, a growing need for faster payment modes and a strong push from the Gol and regulators towards
adoption of digital channels have driven the increase in digital payments (Source: Ken Payments Report).

Name of | Mr. Ravi B. Goyal and Vineha Enterprises Private Limited

Promoters

Offer size | Initial public offering of 38,857,141 Equity Shares of our Company for cash at a price of 8175 per Equity
Share (including a premium of 2165 per Equity Share) aggregating to 36,800.00 million through an offer for
sale of 38,718,857 Equity Shares by the Promoter Selling Shareholder aggregating to 26,775.80 million,
43,6004 Equity Shares aggregating 27.63 million by Mr. V.C. Gupte, 34,114 Equity Shares aggregating to
25,97 million by Mr. Shailesh Shetty, 26,514’ Equity Shares aggregating to %4.64 million by Mr. Rakesh
Kumar, 17,0284 Equity Shares aggregating to %2.98 million by Mr. Nikhil Patiyat and 17,0284 Equity
Shares aggregating to %2.98 million by Mr. Rajesh Harshedrai Shah. The Offer constitutes 32.28% of the
paid-up Equity Share capital of our Company.
Subject to finalization of the Basis of Allotment.

Objects of | The objects of the Offer are to (i) carry out the offer for sale by the Selling Shareholders; and (ii) to realise

the Offer the benefits of listing of the Equity Shares on the Stock Exchanges, enhancement of our Company’s brand
name and creation of a public market for the Equity Shares in India.
Pursuant to the VEPL CCPS SPA, the Promoter Selling Shareholder has agreed to utilize his respective
portion of the Offer proceeds to primarily purchase the VEPL CCPS from our Company. Such amounts
received by our Company shall be primarily utilized to redeem the Listed NCDs.
For further details, see “Objects of the Offer” on page 104.

Aggregate _|(a) The aggregate pre-Offer shareholding of our Promoters and Promoter Group as a percentage of the pre-

pre-Offer Offer paid-up share capital of the Company is set out below:

shareholding

of Promoters, Percentage of the pre-Offer

Promoter Name of the Shareholder Number of Equity Shares Equity Share capital (%)

Group and Promoters

Selling Mr. Ravi B. Goyal 66,460,312 55.20

Shareholders Vineha Enterprises Private

Limited 51,054,264 42.41

= a Total (A) 117,514,576 97.61

percentage of

the paid-up Promoter Group

ere eat Mr. Badrinarain K. Goyal 749,600 0.62

Mrs. Anupama R. Goyal 16 Negligible
of ours Trinity Ventures (represented by 64 Negligible
Company

 

its partners, Mr. Kiran B. Goyal
and Mr, Vinayak R. Goyal)
Ravi Goyal Family Trust Negligible
(represented by its trustees, Mr.
Ravi B. Goyal and Mrs. Anupama
R. Goyal) 100

 

 

 

 

 

 

 

 

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