Buyback of up to 7,800,000 fully paid-up equity shares of the Company, each having a face value of INR 2/- , representing up to 2.79% of the total number of equity shares in the paid-up share capital of the Company, at a price of INR 500/- payable in cash, for an aggregate amount not exceeding INR 3,900 million/- being 24.97% and 16.32% of the aggregate of the fully paid-up equity share capital and free reserves of the Company as per the latest audited standalone and consolidated financial statements of the Company as at March 31, 2022, respectively (which is within the statutory limits of 25%) on a proportionate basis through the “tender offer” route.