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market inter se transfer of shares between promoter and promoter group. Promoters / Promoters group encumbrance includes the following: (i) (A) pledge of certain shares in favour of YES Bank Limited; (B) pledge of certain shares in favour of Vistra (ITCL) India Ltd and (C) pursuant to a financing arrangement amongst Namit Malhotra, A2R Holdings, Mauritius (an entity wholly owned by Namit Malhotra) and Novator Capital Limited, (i) a pledge has been created over Namit Malhotra’s entire shareholding in A2R Holdings, in favour of Novator Capital Limited and A2R Holdings hold 44.26% equity shares of the Company; and (ii) the members of the promoter and promoter group of the Company are, except as permitted under such financial arrangement/consented by Novator Capital Limited, are restricted from: (a) disposing of their shareholding in the Company; (b) ceasing control over the Company; and (c) creating any further encumbrance over the equity shares of the Company. ESOP Compensation Committee of the Board of Directors at its meeting held on August 12, 2016 approved grant of 1,79,32,738 Stock Options to eligible employees. 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