Multi Commodity Exchange of India Limited
Our Company was originally incorporated as a private limited company
under the Companies Act, 1956, as amended (the "Companies Act") on April 19,2002
as Multi Commodity Exchange of India Private Limited. Subsequently, we were converted into
a public limited company and consequently our name was changed to Multi Commodity Exchange
of India Limited on May 16,2002. We received a fresh certificate of incorporation dated
May 28,2002 from the Registrar of Companies, Maharashtra ("RoC") upon change of
name. For details of change in name and registered office, see the sections titled
"General Information" and "History and Certain Corporate Matters" on
pages 67 and 169 respectively, of the Prospectus.
Registered Office: Exchange Square, Suren Road, Chakala, Andheri (East),
Mumbai 400 093 Tel: (9122) 67318888; Fax: (9122) 66494151; Contact Person: R
Ramanathan, Company Secretary and Chief Compliance Officer; E-mail: mcxofs@mcxindia.com; Website:
www.mcxindia.com
Promoter of our Company: FINANCIAL TECHNOLOGIES (INDIA) LIMITED
PUBLIC OFFER OF 6,427,378 EQUITY SHARES OF RS. 10 EACH OF MULTI COMMODITY EXCHANGE OF
INDIA LIMITED ("MCX" OR "OUR COMPANY") THROUGH AN OFFER FOR SALE BY
FINANCIAL TECHNOLOGIES (INDIA) LIMITED, STATE BANK OF INDIA (EQUITY), GLG FINANCIALS FUND,
ALEXANDRA MAURITIUS LIMITED, CORPORATION BANK, ICICI LOMBARD GENERAL INSURANCE COMPANY
LIMITED AND BANK OF BARODA (THE "SELLING SHAREHOLDERS") FOR CASH AT A PRICE OF
RS. 1,032 PER EQUITY SHARE AGGREGATING TO RS. 6,633.05 MILLION (THE "OFFER").
THE OFFER COMPRISES A NET OFFER OF 6,177,378 EQUITY SHARES TO THE PUBLIC AND A RESERVATION
OF UP TO 250,000 EQUITY SHARES FOR THE ELIGIBLE EMPLOYEES. THE OFFER WOULD CONSTITUTE
12.60% OF THE POST OFFER PAID-UP EQUITY CAPITAL THE NET OFFER WOULD CONSTITUTE 12.11 % OF
THE POST OFFER PAID-UP EQUITY CAPITAL
In terms of Rule 19(2)(b)(ii) of the Securities Contracts (Regulations) Rules, 1957, as
amended ("SCRR"), this was an Offer for at least 10% of the post-Offer capital
where the post-Offer capital of our Company calculated at the Offer Price will be more
than Rs. 40,000 million. The Offer was made through the 100% Book Building Process wherein
at least 50% of the Net Offer was Allotted on a proportionate basis to Qualified
Institutional Buyers ("QIBs"). 5% of the QIB Portion (excluding the Anchor
Investor Portion) was available for allocation on a proportionate basis to Mutual Funds
only, and the remainder of the QIB Portion was available for allocation on a proportionate
basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at
or above the Offer Price. Further, not less than 15% of the Net Offer was available for
allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of
the Net Offer was available for allocation on a proportionate basis to Retail Individual
Bidders, subject to valid Bids being received at or above the Offer Price. Further,
250,000 Equity Shares were reserved for allocation on a proportionate basis to the
Eligible Employees, subject to valid Bids being received at or above the Offer Price. The
Company has Allotted 926,606 Equity Shares of the QIB Portion to Anchor Investors on a
discretionary basis in accordance with the SEBI Regulations. The Offer received 435083
applications for 293587548 equity shares resulting in 45.68 times subscription.
The details of the applications received in the Offer from Qualified Institutional
Buyers, Non-Institutional Bidders, Retail Individual Bidders, Eligible Employees and
Anchor Investors are as under: (Before technical relectlons)
|
Category |
No. of
Applications |
No. of
Shares |
No. of limes
subscription |
A |
Retail Individual Bidders |
433408 |
51359196 |
23.75 |
B |
Non Institutional Bidders |
1193 |
134819472 |
145.50 |
C |
Qualified Institutional Buyers |
189 |
106192932 |
49.12 |
D |
Anchor Investors |
15 |
1172490 |
1.27 |
E |
Employees |
278 |
43458 |
0.17 |
|
Total |
435083 |
293587548 |
45.68 |
Final Demand
A summary of the final demand as per the BSE Limited ("BSE") and the National
Stock Exchange of India Limited ("NSE") as on the Bid/Offer Closing date at
different bid price is as under:
Bid
Price |
No. of
Shares |
% to
Total |
Cumulative
Total |
Cumulative
% of Total |
Bid
Price |
No. of
Shares |
% to
Total |
Cumulative
Total |
Cumulative
% of Total |
Bid
Price |
No. of
Shares |
% to
Total |
Cumulative
Total |
Cumulattva
% of Total |
Bid
Price |
No. of
Shares |
% to
Total |
Cumulative
Total |
Cumulative
% of Total |
860 |
586434 |
0.19 |
586434 |
0.19 |
905 |
156 |
0.00 |
650370 |
0.21 |
951 |
114 |
0.00 |
1004070 |
0.33 |
997 |
204 |
0.00 |
6824418 |
2.24 |
861 |
714 |
0.00 |
587148 |
0.19 |
907 |
6 |
0.00 |
650376 |
0.21 |
952 |
100788 |
0.03 |
1104858 |
0.36 |
998 |
210 |
0.00 |
6824628 |
2.24 |
862 |
870 |
0.00 |
588018 |
0.19 |
909 |
132 |
0.00 |
650508 |
0.21 |
953 |
18 |
0.00 |
1104876 |
0.36 |
999 |
1020 |
0.00 |
6825648 |
2.24 |
864 |
288 |
0.00 |
588306 |
0.19 |
910 |
822 |
0.00 |
651330 |
0.21 |
954 |
1020 |
0.00 |
1105896 |
0.36 |
1000 |
123246 |
0.04 |
6948894 |
2.28 |
865 |
1386 |
0.00 |
589692 |
0.19 |
911 |
18 |
0.00 |
651348 |
0.21 |
955 |
246 |
0.00 |
1106142 |
0.36 |
1001 |
474 |
0.00 |
6949368 |
2.28 |
866 |
6 |
0.00 |
589698 |
0.19 |
912 |
48 |
0.00 |
651396 |
0.21 |
956 |
24 |
0.00 |
1106166 |
0.36 |
1002 |
48 |
0.00 |
6949416 |
2.28 |
867 |
108 |
0.00 |
589806 |
0.19 |
913 |
6 |
0.00 |
651402 |
0.21 |
957 |
18 |
0.00 |
1106184 |
0.36 |
1003 |
114 |
0.00 |
6949530 |
2.28 |
868 |
18 |
0.00 |
589824 |
0.19 |
914 |
6 |
0.00 |
651408 |
0.21 |
958 |
168 |
0.00 |
1106352 |
0.36 |
1005 |
1062 |
0.00 |
6950592 |
2.28 |
869 |
9258 |
0.00 |
599082 |
0.20 |
915 |
876 |
0.00 |
652284 |
0.21 |
960 |
4842 |
0.00 |
1111194 |
0.37 |
1006 |
198 |
0.00 |
6950790 |
2.28 |
870 |
2976 |
0.00 |
602058 |
0.20 |
917 |
1200 |
0.00 |
653484 |
0.21 |
961 |
246 |
0.00 |
1111440 |
0.37 |
1007 |
54 |
0.00 |
6950844 |
2.29 |
871 |
12 |
0.00 |
602070 |
0.20 |
920 |
4002 |
0.00 |
657486 |
0.22 |
962 |
222 |
0.00 |
1111662 |
0.37 |
1008 |
42 |
0.00 |
6950886 |
2.29 |
872 |
24 |
0.00 |
602094 |
0.20 |
921 |
66 |
0.00 |
657552 |
0.22 |
963 |
90 |
0.00 |
1111752 |
0.37 |
1010 |
27378 |
0.01 |
6978264 |
2.29 |
873 |
12 |
0.00 |
602106 |
0.20 |
923 |
114 |
0.00 |
657666 |
0.22 |
965 |
516 |
0.00 |
1112268 |
0.37 |
1011 |
54 |
0.00 |
6978318 |
2.29 |
875 |
3120 |
0.00 |
605226 |
0.20 |
925 |
3750 |
0.00 |
661416 |
0.22 |
966 |
126 |
0.00 |
1112394 |
0.37 |
1012 |
180 |
0.00 |
6978498 |
2.29 |
876 |
1524 |
0.00 |
606750 |
0.20 |
926 |
204 |
0.00 |
661620 |
0.22 |
970 |
17664 |
0.01 |
1130058 |
0.37 |
1015 |
144 |
0.00 |
6978642 |
2.29 |
877 |
6420 |
0.00 |
613170 |
0.20 |
927 |
6 |
0.00 |
661626 |
0.22 |
971 |
5622 |
0.00 |
1135680 |
0.37 |
1018 |
18 |
0.00 |
6978660 |
2.29 |
878 |
6 |
0.00 |
613176 |
0.20 |
928 |
144 |
0.00 |
661770 |
0.22 |
973 |
48 |
0.00 |
1135728 |
0.37 |
1020 |
1188 |
0.00 |
6979848 |
2.29 |
880 |
972 |
0.00 |
614148 |
0.20 |
930 |
1314 |
0.00 |
663084 |
0.22 |
974 |
270 |
0.00 |
1135998 |
0.37 |
1021 |
12 |
0.00 |
6979860 |
2.29 |
882 |
12 |
0.00 |
614160 |
0.20 |
932 |
156 |
0.00 |
663240 |
0.22 |
975 |
5659566 |
1.86 |
6795564 |
2.23 |
1022 |
126 |
0.00 |
6979986 |
2.29 |
883 |
6 |
0.00 |
614166 |
0.20 |
933 |
66 |
0.00 |
663306 |
0.22 |
976 |
12 |
0.00 |
6795576 |
2.23 |
1023 |
168 |
0.00 |
6980154 |
2.29 |
884 |
378 |
0.00 |
614544 |
0.20 |
935 |
294 |
0.00 |
663600 |
0.22 |
978 |
96 |
0.00 |
6795672 |
2.23 |
1025 |
408 |
0.00 |
6980562 |
2.29 |
885 |
102 |
0.00 |
614646 |
0.20 |
936 |
48 |
0.00 |
663648 |
0.22 |
979 |
12 |
0.00 |
6795684 |
2.23 |
1026 |
6 |
0.00 |
6980568 |
2.29 |
890 |
4548 |
0.00 |
619194 |
0.20 |
938 |
390 |
0.00 |
664038 |
0.22 |
980 |
27204 |
0.01 |
6822888 |
2.24 |
1028 |
30 |
0.00 |
6980598 |
2.29 |
892 |
1554 |
0.00 |
620748 |
0.20 |
940 |
2688 |
0.00 |
666726 |
0.22 |
981 |
30 |
0.00 |
6822918 |
2.24 |
1029 |
192 |
0.00 |
6980790 |
2.29 |
894 |
102 |
0.00 |
620850 |
0.20 |
942 |
24 |
0.00 |
666750 |
0.22 |
982 |
6 |
0.00 |
6822924 |
2.24 |
1030 |
1932 |
0.00 |
6982722 |
2.30 |
896 |
6 |
0.00 |
620856 |
0.20 |
943 |
8190 |
0.00 |
674940 |
0.22 |
985 |
354 |
0.00 |
6823278 |
2.24 |
1031 |
936 |
0.00 |
6983658 |
2.30 |
899 |
60 |
0.00 |
620916 |
0.20 |
945 |
1500 |
0.00 |
676440 |
0.22 |
986 |
102 |
0.00 |
6823380 |
2.24 |
1032 |
251016042 |
82.52 |
257999700 |
84.81 |
900 |
28248 |
0.01 |
649164 |
0.21 |
946 |
22782 |
0.01 |
699222 |
0.23 |
987 |
12 |
0.00 |
6823392 |
2.24 |
Cutoff Price |
46193232 |
15.19 |
304192932 |
100.00 |
901 |
810 |
0.00 |
649974 |
0.21 |
949 |
12 |
0.00 |
699234 |
0.23 |
990 |
786 |
0.00 |
6824178 |
2.24 |
|
|
|
|
|
903 |
240 |
0.00 |
650214 |
0.21 |
950 |
304722 |
0.10 |
1003956 |
0.33 |
995 |
36 |
0.00 |
6824214 |
2.24 |
|
|
|
|
The Basis of Allotment was finalized in consultation with BSE on March 7,2012.
A. Allotment to Eligible Eployees (Aftar Technical Reaction)
(Including ASBA Applications)
The Basis of Allotment to the Eligible Employees of the Company, who have bid at Cut-off
Price or at the Offer Price of Rs.1,032 per Equity Share was finalized in consultation
with BSE. The category was subscribed to the extent of 0.17 times. The total number of
shares Allotted in this category is 32562. The under subscription in the Employee
Reservation Portion was added back to the Net Offer.
B. Allotment to Retail Individual Bidders (After Technical Rejection) (Including
ASBA Applications)
The Basis of Allotment to the Retail Individual Bidders, who have bid at Cut-off Price
or at the Offer Price of Rs.1,032 per Equity Share, was finalized on a proportionate basis
in consultation with BSE. This category has been subscribed to the extent of 23.75 times.
The total number of Equity Shares Allotted in the Retail Individual Bidder category is
2338185 Equity Shares, including spillover from Eligible Employee Reservation Category to
the extent of 76103 Equity Shares, Allotted to 306032 successful applicants. The
category-wise details of the Basis of Allotment are as under:
Category |
No. of
Applications |
% to
total |
Total No. of Equity
Shares applied |
% to
total |
No. of Equity Shares
Allotted per applicant |
Ratio |
Total No. of Equity
Shares allotted |
6 |
24184 |
5.69 |
145104 |
0.29 |
6 |
1:13 |
11160 |
12 |
23031 |
5.42 |
276372 |
0.55 |
6 |
2:13 |
21258 |
18 |
15557 |
3.66 |
280026 |
0.55 |
6 |
3:13 |
21540 |
24 |
14831 |
3.49 |
355944 |
0.70 |
6 |
3:13 |
20538 |
30 |
14235 |
3.35 |
427050 |
0.84 |
6 |
4:13 |
26280 |
36 |
7416 |
1.75 |
266976 |
0.53 |
6 |
4:13 |
13692 |
42 |
5506 |
1.30 |
231252 |
0.46 |
6 |
5:13 |
12708 |
48 |
17890 |
4.21 |
858720 |
1.70 |
6 |
6:13 |
49542 |
54 |
5360 |
1.26 |
289440 |
0.57 |
6 |
7:13 |
17316 |
60 |
10724 |
2.53 |
643440 |
1.27 |
6 |
7:13 |
34644 |
66 |
2821 |
0.66 |
186186 |
0.37 |
6 |
9:13 |
11718 |
72 |
3863 |
0.91 |
278136 |
0.55 |
6 |
9:13 |
16044 |
78 |
2224 |
0.52 |
173472 |
0.34 |
6 |
9:13 |
9240 |
84 |
2063 |
0.49 |
173292 |
0.34 |
6 |
10:13 |
9522 |
90 |
5531 |
1.30 |
497790 |
0.98 |
6 |
10:13 |
25530 |
96 |
47026 |
11.07 |
4514496 |
8.92 |
6 |
10:13 |
217044 |
Category |
No. Of
Applications |
% to
total |
Total No. of Equity
Shares applied |
% to
total |
No. of Equity Shares
Allotted per applicant |
Ratio |
Total No. of Equity
Shares allotted |
102 |
7319 |
1.72 |
746538 |
1.47 |
6 |
10:13 |
33780 |
108 |
2168 |
0.51 |
234144 |
0.46 |
6 |
11:13 |
11004 |
114 |
952 |
0.22 |
108528 |
0.21 |
6 |
11:13 |
4836 |
120 |
3448 |
0.81 |
413760 |
0.82 |
6 |
11:13 |
17508 |
126 |
1229 |
0.29 |
154854 |
0.31 |
6 |
1:1 |
7374 |
132 |
962 |
0.23 |
126984 |
0.25 |
6 |
1:1 |
5772 |
138 |
721 |
0.17 |
99498 |
0.20 |
6 |
1:1 |
4326 |
144 |
2263 |
0.53 |
325872 |
0.64 |
6 |
1:1 |
13578 |
150 |
2757 |
0.65 |
413550 |
0.82 |
7 |
1:1 |
19299 |
156 |
745 |
0.18 |
116220 |
0.23 |
7 |
1:1 |
5215 |
162 |
712 |
0.17 |
115344 |
0.23 |
7 |
1:1 |
4984 |
168 |
586 |
0.14 |
98448 |
0.19 |
7 |
1:1 |
4102 |
|
|
|
|
|
1 |
2:25 |
47 |
174 |
628 |
0.15 |
109272 |
0.22 |
8 |
1:1 |
5024 |
180 |
1759 |
0.41 |
316620 |
0.63 |
8 |
1:1 |
14072 |
186 |
1003 |
0.24 |
186558 |
0.37 |
8 |
1:1 |
8024 |
192 |
195183 |
45.96 |
37475136 |
74.00 |
8 |
1:1 |
1561464 |
C. Allotment to Non Institutional Bidders (After Technical Rejection)
(Including ASBA Applications)
The Basis of Allotment to the non institutional Bidders, who have bid at the
offer price of Rs. 1,032 per Equity share was finalized in consultation with BSE. This
category has been subscribed to the extent of 145.50 times. The total number of equity
shares allotted in the Non Institutional bidder category is 959223 Equity Shares,
including spillover from Eligible Employee Category to the extent of 32616 Equity Shares,
Allotted to 913 successful applicant. The category wise details of the Basis of
Allotment(Sample) are as under:
Category |
No. of
Applicationa |
% to
total |
Total No. of
Equity
Shares applied |
% to
total |
No. of Equity Shares
Allotted
per applicant |
Ratio |
Total No. of
Equity
Shares Allotted |
198 |
73 |
6.75 |
14454 |
0.01 |
6 |
4:17 |
102 |
204 |
13 |
1.20 |
2652 |
0.00 |
6 |
3:13 |
18 |
210 |
5 |
0.46 |
1050 |
0.00 |
6 |
1:5 |
6 |
216 |
7 |
0.65 |
1512 |
0.00 |
6 |
2:7 |
12 |
240 |
15 |
1.39 |
3600 |
0.00 |
6 |
4:15 |
24 |
276 |
2 |
0.18 |
552 |
0.00 |
6 |
1:2 |
6 |
342 |
2 |
0.18 |
684 |
0.00 |
6 |
1:2 |
6 |
384 |
9 |
0.83 |
3456 |
0.00 |
6 |
4:9 |
24 |
402 |
5 |
0.46 |
2010 |
0.00 |
6 |
2:5 |
12 |
426 |
1 |
0.09 |
426 |
0.00 |
6 |
1:1 |
6 |
480 |
34 |
3.14 |
16320 |
0.01 |
6 |
5:11 |
90 |
504 |
4 |
0.37 |
2016 |
0.00 |
6 |
1:2 |
12 |
756 |
1 |
0.09 |
756 |
0.00 |
6 |
1:1 |
6 |
978 |
1 |
0.09 |
978 |
0.00 |
7 |
1:1 |
7 |
1260 |
1 |
0.09 |
1260 |
0.00 |
9 |
1:1 |
9 |
2616 |
1 |
0.09 |
2616 |
0.00 |
19 |
1:1 |
19 |
3690 |
1 |
0.09 |
3690 |
0.00 |
26 |
1:1 |
26 |
6006 |
1 |
0.09 |
6006 |
0.00 |
43 |
1:1 |
43 |
9000 |
3 |
0.28 |
27000 |
0.02 |
65 |
1:1 |
195 |
18000 |
1 |
0.09 |
18000 |
0.01 |
. 129 |
1:1 |
129 |
21510 |
1 |
0.09 |
21510 |
0.02 |
154 |
1:1 |
154 |
48198 |
1 |
0.09 |
48198 |
0.04 |
346 |
1:1 |
346 |
65406 |
1 |
0.09 |
65406 |
0.05 |
469 |
1:1 |
469 |
126000 |
2 |
0.18 |
252000 |
0.19 |
903 |
1:1 |
1806 |
192000 |
1 |
0.09 |
192000 |
0.14 |
1377 |
1:1 |
1377 |
348840 |
1 |
0.09 |
348840 |
0.26 |
2501 |
1:1 |
2501 |
504720 |
1 |
0.09 |
504720 |
0.38 |
3619 |
1:1 |
3619 |
1405038 |
1 |
0.09 |
1405038 |
1.05 |
10074 |
1:1 |
10074 |
4844958 |
1 |
0.09 |
4844958 |
3.62 |
34742 |
1:1 |
34742 |
D. Allotment to QIBs (After Technical Reactions) (Including ASBA Applications)
Allotment to QIBs who have bid at the Offer Price of Rs 1,032 per Equity Share has been
done on a proportionate basis in consultation with BSE. This category has been subscribed
to the extent of 49.12 times. As per the SEBI Regulations, Mutual Funds were initially
Allotted 5% of the quantum of shares available. i.e.113540 Equity Shares including spill
over from the Eligible Employee Reservation Category to the extent of 5256 Equity Shares
and other QIBs and unsatisfied demands of Mutual Funds were Allotted the remaining
available shares i.e. 2157262 Equity Shares including spillover from the Eligible Employee
Reservation Category to the extent of 103283 Equity Shares. The total number of Equity
Shares Allotted in the QIBcategory is 2270802 Equity Shares which we re Allotted to 180
successful applicants. The category-wise details of the Basis of Allotment are as under:
Category |
Fls/Banks |
Flls |
MFs |
ICs |
VCs |
Total |
No. of Shares |
667004 |
898603 |
272373 |
432822 |
- |
2270802 |
E. Anchor Investors
The Compny Allotted 926,606 Equity Shares to 12 Anchor Investors in consultation with
the BRLMs who have bid at the Offer Price of Rs 1,032. This represents 30% of the portion
earmarked for Allotment to Qualified Institutional Buyers.
The IPO Committee of the Board of Directors of the Company at its meeting held at Mumbai
on March 7,2012 has approved the Basis of Allotment of Equity Shares of the Offer and has
Allotted the Equity Shares to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and/or notices have been dispatched to the
address of the investors as registered with the depositories. Further the instructions to
the SCSBs have been dispatched/mailed on March 7, 2012. Incase the same is not received
within ten days, investors may contact the Registrar at the address given below. The
Refund Orders have been over-printed with the Bank Account details as registered, if any,
with the depositories.
Commencement of Trading: The Equity Shares Allotted to successful applicants
have been credited on March 7,2012 to the beneficiary accounts subject to validation of
the account details with the depositories concerned. The Company is taking steps for
completion of the necessary formalities to get the Equity Shares admitted for trading on
the BSE within twelve Working Days from the Bid/Offer Closing Date.
Note: All capitalized terms used and not defined herein shall have the
respective meaning assigned to them in the Prospectus dated February 29,2012 filed with
the Registrar of Companies, Maharashtra ("Prospectus")
INVESTORS PLEASE NOTE:
The details of the Allotment made would be hosted on the website of Registrars to the
Offer, Karvy Computershare Private Limited at http://karisma.karvy.com
All future correspondence in this regard may kindly be addressed to the Registrar to the
Offer quoting full name of the First/ Sole applicant, Serial number of the Bid-cum
Application Form,
number of shares bid for, name of the Member of the Syndicate and place where the bid was
submitted and payment details at the address given below:
Karvy Computershare Private Limited
Plot Nos. 17 - 24,Vtttal Rao Nagar, Madhapur, Hyderabad 500 081
Tel: (91 40) 4465 5000 Fax: (91 40) 23431551
Email: mallmanager@karvy.com Website:
http://karisma.karvy.com
Date: March 8,2012
Place: Mumbai |
For MULTI COMMODITY EXCHAN6E OF INDIA LIMITED
On behalf of the Board of Directors
Sd/-
Managing Director |
TOLL FREE-HELPLINE NUMBER 1-800-3454001
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET
PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF MULTI COMMODITY
EXCHANGE OF INDIA LIMITED
Multi Commodity Exchange of India Limited is proposing, subject to market conditions
and other considerations, an initial public offer of its equity shares and has filed the
Prospectus with the Registrar of Companies ("RoC-). The Prospectus will be
available on the website of SEBI at www.sebi.gov.in
and the respective websites of the Book Running Lead Managers ("BRLMs") at www.edelwissfin.com, http://www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm
and www.morganstanley.com/ india offer
documents. investors should note that investment in equity shares involves a high degree
of risk and for details relating to the same, see the section titled "Risk
Factors" on page 15 of the Prospectus. This advertisement may not be published or
distributed in the U.S., Canada or Japan and is not an offer or solicitation of an offer
for sale of securities in the U.S. These securities have not been and will not be
registered unter the U.S. securities Act of 1933, as amended, and may not be offer or sold
in the U.S. absent registration or an exemption from registration under such act". |