The Lenders have decided to undertake a competitive bidding process, in a form and manner as may be deemed appropriate by the Lenders, to solicit bid from interested ARCs / Banks / NBFCs / FIs ('Bidders') on 100% cash basis, for sale of their debt exposure in the Company. In that connection, this has come to our knowledge through an advertisement in this regard issued by BDO India LLP ('BDO') as mandated by a consortium of lenders including various banks, financial institutions and others ('Lenders') led by Bank of Baroda ('BOB' or 'Lead Bank'), as published in Business Standard, Mumbai / Ahmedabad edition dated 22nd November, 2019, inviting expression of interest ('EOIs') from interested Bidders who fulfil the required criteria. The last date for submission of EOIs has been fixed as 30th November, 2019. A copy of the said offer as published is attached herewith for your reference.