Pursuant to the Agreements NIBL, purchased 35% of the paid up share capital of the Korta India. TSS subscribed to 45.02% of the paid up shares capital of Korta India. TSS proposes to acquire the balance 19.98% of the paid up equity share capital of Korta India from Korta Spain upon fulfilling on certain conditions precedent.

On fulfillment of the conditions precedent the NIBL will own 35% shareholding in Korta India and the balance shareholding of 65% will be held by TSS.