During the year, the company transitioned to Ind-AS 116, which led accounting to shift from operating lease model (off-balance sheet) to finance lease model (on balance sheet). Operating lease expenses will now be replaced by depreciation and interest expenses. The overall effect is likely to be higher EBITDA and lower PBT in initial year (higher PBT in later years) but no major impact on cash flows. The company has recognised a right of use asset worth | 1146 crore and lease liability of | 1940 crore. The net difference is to be adjusted in the opening reserves as on April 1, 2019 and...