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 will not be treated as multiple Bids provided that the
Bids clearly indicated the scheme concerned for which the Bid has been made.

No Mutual Fund scheme could invest more than 10% of its net asset value 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 could own more than 10% of any company’s paid-up share capital
carrying voting rights.

Bids by Eligible NRIs

Eligible NRIs could obtain copies of Bid cum Application Form from the Designated Intermediaries. Only Bids accompanied
by payment in Indian Rupees or freely convertible foreign exchange were considered for Allotment. Eligible NRI Bidders
bidding on a repatriation basis by using the Non-Resident Forms were required to authorize their respective SCSB or confirm
or accept the UPI Mandate Request (in case of Retail Individual Investors Bidding through the UPI Mechanism) to block their
Non- Resident External (“NRE”) accounts (including UPI ID, if activated), or FCNR Accounts, and eligible NRI Bidders
bidding on a non-repatriation basis by using Resident Forms were required to authorize their respective SCSB confirm or accept
the UPI mandate request (in case of RIBs using the UPI Mechanism) to block their Non-Resident Ordinary (“NRO”) accounts
for the full Bid Amount, at the time of the submission of the Bid cum Application Form. NRIs applying in the Offer through
the UPI Mechanism were advised to enquire with the relevant bank, whether their account is UPI linked, prior to submitting a
Bid cum Application Form.

Eligible NRIs Bidding on non-repatriation basis were advised to use the Bid cum Application Form for residents. By way of
Press Note 1 (2021 Series) dated March 19, 2021, issued by the DPIIT, it has been clarified that an investment made by an
Indian entity which is owned and controlled by NRIs on a non-repatriation basis, were not considered for calculation of indirect
foreign investment.

Eligible NRIs Bidding on a repatriation basis were advised to use the Bid cum Application Form meant for Non-Residents.

Participation by Eligible NRIs in the Offer were subject to the FEMA Non-Debt Instruments Rules. Only Bids accompanied by
payment in Indian rupees or fully converted foreign exchange will be considered for Allotment.

In accordance with the FEMA Non-Debt Instruments Rules, the total holding by any individual NRI, on a repatriation basis,
shall not exceed 5% of the total paid-up equity capital on a fully diluted basis or shall not exceed 5% of the paid-up value of
each series of debentures or preference shares or share warrants issued by an Indian company and the total holdings of all NRIs
and OCIs put together shall not exceed 10% of the total paid-up equity capital on a fully diluted basis or shall not exceed 10%
of the paid-up value of each series of debentures or preference shares or share warrant. Provided that the aggregate ceiling of
10% may be raised to 24% if a special resolution to that effect is passed by the general body of the Indian company.

For further details, see “Restrictions on Foreign Ownership of Indian Securities” on page 354.
Bids by HUFs

In case of Bids made by FPIs, a certified copy of the certificate of registration issued under the SEBI FPI Regulations were
required to be attached to the Bid cum Application Form, failing which our Company reserves the right to reject any Bid without
assigning any reason.

To ensure compliance with the above requirement, SEBI, pursuant to its circular dated July 13, 2018, has directed that at the
time of finalisation of the Basis of Allotment, the Registrar shall (i) use the PAN issued by the Income Tax Department of India
for checking compliance for a single FPI; and (ii) obtain validation from Depositories for the FPIs who have invested in the
Offer to ensure there is no breach of the investment limit, within the timelines for issue procedure, as prescribed by SEBI from
time to time.

Bids by HUFs Hindu Undivided Families or HUFs, are required to be made in the individual name of the karta. The
Bidder/Applicant should specify that the Bid is being made in the name of the HUF in the Bid cum Application
Form/Application Form as follows: “Name of sole or first Bidder/Applicant: XYZ Hindu Undivided Family applying through
XYZ, where XYZ is the name of the karta’”. Bids/Applications by HUFs may be considered at par with Bids/Applications from
individuals.

Bids by FPIs

In terms of the SEBI FPI Regulations, the investment in Equity Shares by a single FPI or an investor group (which means
multiple entities registered as FPIs and directly or indirectly having common ownership of more than 50% or common control)
must be below 10% of our post-Offer Equity Share capital. Further, in terms of the FEMA Non-Debt Instruments Rules, the
total holding by each FPI or an investor group shall be below 10% of the total paid-up Equity Share capital of our Company
and the total holdings of all FPIs put together with effect from April 1, 2020, can be up to the sectoral cap applicable to the
sector in which our Company operates (i.e., up to 100%). 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.

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