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The placement referred to herein is being made in reliance upon Chapter VIII of the Securities Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2009, and is meant only for qualified institutional buyers (as defined in the Securities Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2009) on a private placement basis and is not an offer to the public or to any other class of investors to sell, solicit or recommend the sale or purchase of securities. The public cannot subscribe to the issue since it is a private placement.
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