Public issue of 57,00,000 equity shares of Rs.10/- each for cash at a price of Rs.85/- per equity share, aggregating Rs.48.45 Crores (the issue). The issue comprises a reservation of 1,00,000 equity shares of Rs. 10/- each aggregating Rs.0.85 Crores for eligible employees (the employee reservation portion), and net issue of 56,00,000 equity shares of Rs. 10/- each aggregating Rs.47.60 Crores. The issue would constitute 45.62% of the fully diluted post issue paid-up capital of our company.Issue Price is Rs.85 per equity share of face value of Rs. 10/- each/-The issue price is 8.5 times the face value