The objects of the Offer are: (i) to carry out the disinvestment of 20,160,000 Equity Shares by the SellingShareholder constituting 12.60% of our Company’s paid up Equity Share capital our Company
and (ii) to achievethe benefits of listing the Equity Shares on the Stock Exchanges. Our Company will not receive any proceeds fromthe Offer and all proceeds shall go to the Selling Shareholder.