In compliance with disclosure requirements under SEBI (PIT) Regulation, 2015 and Regulation 30 of SEBI (LODR) Regulations, 2015, we wish to inform you that Mr. Gagan Banga, Vice-Chairman, MD & CEO of the Company, sold 19,00,000 (0.40%) equity shares of the Company. The Company has been informed by Mr. Banga that the proceeds of the sale are being utilized for subscribing to 2311400 (0.48%) fresh shares of the Company through exercise of stock options. To exercise these options, Mr. Banga will be paying the exercise price, tax on the difference between the market price and exercise price. He will be using the reminder amount for payment against a house in Mumbai, which he is purchasing for self occupancy. Please find enclosed, in the prescribed format, the Company''s disclosure, pursuant to Regulation 7(2)(b) of the SEBI (PIT) Regulations, 2015.