Public issue of 4538462 Equity Shares of Rs.10/- each for cash at a premium of Rs.50/- per Equity Share aggregating Rs.27.23 crore,consisting of a fresh issue of 35,38,462 Equity Shares of Rs.10/- each at a price of Rs.60/- per Equity Share for cash aggregating Rs.21.23 crore and an offer for sale of 10,00,000 Equity Shares of Rs.10/- each at a price of Rs.60/- per Equity Share for cash aggregating Rs.6 crore(collectively referred to as the Issue). The issue price is 6 times of the face value.