Meerut Buduan Expressway Limited ('MBEL') i.e. Ganga Expressway Project SPV, an associate of the Company, on May 16, 2023, has allotted Indian-rupee denominated unlisted, unsecured, redeemable, non-convertible debentures ('NCDs') aggregating to INR 541.65 Crore on a private placement basis to the Company and GIC affiliate. The Company and GIC affiliate have contributed INR 276.24 Crore and INR 265.41 Crore respectively