| Textual Information(1) | Each Warrant carrying a right to seek conversion to one (1) fully paid Equity Share of face value Re. 1/- each, at a Warrant Issue Price of Rs. 126 per Warrant. An amount equivalent to 25% of the Warrant Price i. e. Rs. 31.50/- per warrant, being the Warrant Subscription Price, aggregating to Rs. 659,76,05,857.50/- (Rupees Six Hundred Fifty Nine Crore Seventy-Six Lakh Five Thousand Eight Hundred Fifty Seven and Fifty paise Only) is paid at the time of subscription and allotment of Warrants and the balance 75% of the Warrant Price i.e. Rs. 94.50/- per warrant, being the Warrant Exercise Price, (assuming all the currently outstanding convertible Warrants will be fully converted into Equity Shares) shall be payable at the time of allotment of Equity Shore pursuant to exercise of the options attached to Warrants to subscribe to Equity Shares. Currently, the Warrants have no voting rights and once the Warrants are converted into Equity Shares, they will have voting rights. |