Allotment of Equity share and Convertible Equity Warrants on preferential basis as follows: 1.) 50,35,000 Equity Shares of face value of Rs.05/- each of the Company at an issue price of Rs. 20.00/- per equity share inclusive of premium of Rs. 15.00/- per equity share upon receipt of full cash consideration aggregating Rs.10,07,00,000/-; and 2.) 34,20,661 Convertible Warrants exercisable into Equity Shares at an issue price of Rs. 20.00- per Convertible Warrant upon receipt of upfront payment of 25% of Issue Price aggregating Rs.1,71,03,305/-. Each Convertible Warrant carries a right to subscribe to 1 (one) equity share of face value of Rs.5.00/- each of the Company at a premium of Rs.15.00/- per equity share, any time within a period of 18 months from the date of allotment, in one or more tranches.