Please find attached the copy of the letter of offer received by the Company from Kotak Mahindra Capital Company Limited, in relation to the open offer for the acquisition of equity shares from the public shareholders of the Company by Hector Asia Holdings II Pte Ltd (the Acquirer) together with Hector Asia Holdings I Pte Ltd (PAC 1), KKR Asia IV Fund Investments Pte Ltd (PAC 2) and KIA EBT II Scheme 1 (PAC 3 and together with PAC 1 and PAC 2, PACs), pursuant to and in compliance with the requirements of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended from time to time.