transactions in compliance with Regulation S under the U.S. Securities Act and the applicable laws of the
jurisdiction where those offers and sales occur. For the avoidance of doubt, the term “U.S. QIBs” does not
refer to a category of institutional investors defined under applicable Indian regulations and referred to in
this Prospectus as “QIBs”.

The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other
jurisdiction outside India and may not be offered or sold, and Bids may not be made by persons in any such
jurisdiction, except in compliance with the applicable laws of such jurisdiction.

Participation by the BRLMs, the Syndicate Members and their associates and affiliates

The BRLMs and the Syndicate Members were not allowed to purchase Equity Shares in this Offer in any manner,
except towards fulfilling their respective underwriting obligations. However, the associates and affiliates of the
BRLMs and the Syndicate Members were allowed to Bid for Equity Shares in the Offer, either in the QIB Portion
or in the Non-Institutional Portion as may be applicable to such Bidders, where the allocation is on a proportionate
basis, and such subscription were allowed to be on their own account or on behalf of their clients. All categories
of investors, including associates or affiliates of the BRLMs and Syndicate Members, were treated equally for the
purpose of allocation to be made on a proportionate basis.

Except as stated below, neither the BRLMs nor any persons related to the BRLMs were allowed to apply in the
Offer under the Anchor Investor Portion:

@ mutual funds sponsored by entities which are associate of the BRLMs;
(ii) insurance companies promoted by entities which are associate of the BRLMs;
(iii) AIFs sponsored by the entities which are associate of the BRLMs;

(iv) FPIs other than individuals, corporate bodies and family offices sponsored by the entities which are
associate of the BRLMs; or

(v) Person related to Promoters and the members of the Promoter Group.
Further, an Anchor Investor shall be deemed to be an “associate of the BRLM” if:

ji) either of them controls, directly or indirectly through its subsidiary or holding company, not less than
15% of the voting rights in the other; or

(ii) either of them, directly or indirectly, by itself or in combination with other persons, exercises control
over the other; or

(iii) there is a common director, excluding nominee director, amongst the Anchor Investors and the BRLMs.
Bids by Mutual Funds

With respect to Bids by Mutual Funds, a certified copy of their SEBI registration certificate was required to be
lodged along with the Bid cum Application Form. Failing this, our Company and Selling Shareholders in
consultation with the BRLMs reserved the right to reject any Bid without assigning any reason thereof.

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 were made.

In case of a Mutual Fund, a separate Bid could be made in respect of each scheme of the Mutual Fund registered
with SEBI and such Bids in respect of more than one scheme of the Mutual Fund were not treated as multiple
Bids provided that such Bids clearly indicated the scheme concerned for which the Bid was made.

No Mutual Fund scheme could invest more than 10% of its NAV 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 schemes. No Mutual Fund under all its schemes should own more than 10% of any
company’s paid-up share capital carrying voting rights.

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