Public issue of 34,75,000 equity shares of Rs. 10/- each at a premium of Rs.98/- per equity share for cash aggregating Rs.37.53 Crores (hereinafter referred to as the issue). The issue constitutes 25.05% of the post issue paid-up capital of the company.Issue Price is Rs.108/- per equity share. The issue price is 10.8 times of the face value