Every member of Max India ("Demerged Company") as on the Record Date would be entitled to receive fully paid equity shares of Resulting Companies in the following manner:

- One equity share of Rs. 2/- each of Resulting Company 1 (i.e. Taurus Ventures) for every one equity share of Rs. 2/- each; and

- One equity share of Rs. 10/- each of Resulting Company 2 (i.e. Capricorn Ventures) for every five equity shares of Rs. 2/- each.