which the investee company operates. Insurance companies participating in the Offer are advised to refer to the
IRDAI Investment Regulations for specific investment limits applicable to them and comply with all applicable
regulations, guidelines and circulars issued by the IRDAI from time to time.

Bids by Provident Funds/Pension Funds

In case of Bids made by provident funds/pension funds, subject to applicable laws, with minimum corpus.
of 2250 million, a certified copy of a certificate from a chartered accountant certifying the corpus of the
provident fund/pension fund 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.

Bids under Power of Attorney

In case of Bids made pursuant to a power of attorney or by limited companies, corporate bodies, registered
societies, eligible FPIs, Mutual Funds, Systemically Important NBFCs, insurance companies, insurance funds
set up by the army, navy or air force of the Union of India, insurance funds set up by the Department of Posts,
India, or the National Investment Fund and provident funds with a minimum corpus of %250 million (subject to
applicable law) and pension funds with a minimum corpus of 2250 million, a certified copy of the power of
attorney or the relevant resolution or authority, as the case may be, along with a certified copy of the
memorandum of association and articles of association and/or bye laws was required to be lodged along with the
Bid cum Application Form. Failing this, our Company and the Promoter Selling Shareholder, in consultation
with the BRLMs, reserve the right to accept or reject any Bid in whole or in part, in either case without
assigning any reason therefor.

Our Company and the Promoter Selling Shareholder, in consultation with the BRLMs, in their absolute
discretion, reserve the right to relax the above condition of simultaneous lodging of the power of attorney along
with the Bid cum Application Form subject to the terms and conditions that our Company and the Promoter
Selling Shareholder, in consultation with the BRLMs, may deem fit.

In accordance with existing regulations issued by the RBI, OCBs cannot participate in this Offer.
Bids by Anchor Investors

In accordance with the SEBI ICDR Regulations, the key terms for participation by Anchor Investors are
provided below.

1) Anchor Investor Application Forms were made available for the Anchor Investor Portion at the offices
of the BRLMs.

2) The Bid must be for a minimum of such number of Equity Shares so that the Bid Amount exceeds
2100 million. A Bid could not be submitted for over 60% of the QIB Portion. In case of a Mutual Fund,
separate Bids by individual schemes of a Mutual Fund were aggregated to determine the minimum
application size of 2100 million.

3) One-third of the Anchor Investor Portion was reserved for allocation to domestic Mutual Funds.
4) Bidding for Anchor Investors will open one Working Day before the Bid/ Offer Opening Date.

5) Our Company and the Promoter Selling Shareholder, in consultation with the BRLMs finalized the
allocation to the Anchor Investors on a discretionary basis. The minimum number of Allottees in the
Anchor Investor Portion is not less than: (a) maximum of two Anchor Investors, where allocation
under the Anchor Investor Portion is up to 2100 million; (b) minimum of two and maximum of 15
Anchor Investors, where the allocation under the Anchor Investor Portion is more than 2100 million
but up to 22,500 million, subject to a minimum Allotment of %50 million per Anchor Investor; and (c)
in case of allocation above 22,500 million under the Anchor Investor Portion, a minimum of five such
investors and a maximum of 15 Anchor Investors for allocation up to 22,500 million, and an additional
10 Anchor Investors for every additional 22,500 million, subject to minimum allotment of 750 million
per Anchor Investor.

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