Allotment of securities of the Company on preferential basis in terms of Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (the ICDR Regulations) as under -

1. 139,65,79,500 equity shares of Rs 2 each for cash at an issue price of Rs 2.45 aggregating to Rs 342.16 crore;

2. 4,998 compulsorily convertible debentures of Rs 1 lakh each for cash at par aggregating to Rs 49.98 crore;

Allotment of securities of the Company on preferential basis in terms of the Resolution Plan for restructuring of debt of the Company and its certain identified subsidiaries formulated under the Reserve Bank of India (Prudential Framework for Resolution of Stressed Assets) Directions, 2019 issued by Reserve Bank of India vide its circular dated 7th June 2019 to the Lenders in part conversion of their existing debt aggregating to Rs 4100 crore as under -

1. 99,71,76,872 equity shares of Rs 2 each aggregating to Rs 16 i.e. at an aggregate consideration of Re 1 per lender;

2. 4,10,000 0.01% secured optionally convertible debentures having a face value of Rs.1,00,000 each aggregating to Rs 4100 crore; and

3. 49,85,88,439 warrants of Rs 2 each convertible into one equity share of a face value of Rs.2 each aggregating to Rs.16, i.e. at an aggregate consideration of Re.1 per lender.

The equity shares, CCDs, OCDs and Warrants so allotted on preferential basis shall be subject to lock-in for such period as may be prescribed under the ICDR Regulations.

Post allotment of equity shares, the paid-up equity capital of the Company is Rs.1542,70,60,986/- divided into 771,35,30,493 equity shares of Rs.2 each.