Common use of Completion of the Offer Clause in Contracts

Completion of the Offer. 3.2.3.1 The Escrow Collection Bank, Public Offer Account Bank, Refund Bank and Sponsor Banks shall refer to the Red Xxxxxxx Prospectus for the Anchor Investor Bid/Offer Period, the Bid / Offer Opening Date and Bid / Offer Closing Date. The Registrar, shall, on or prior to the Designated Date, in writing, (a) along with the Book Running Lead Managers, intimate to the Escrow Collection Bank (with a copy to the Company and the Selling Shareholders), the Designated Date and provide the Escrow Collection Bank with (i) the written details of the amounts that are to be transferred from the Escrow Accounts to the Public Offer Account; (ii) amounts, if any, paid by the Underwriters or any other person pursuant to any underwriting obligations in terms of the Underwriting Agreement to be transferred from the Escrow Accounts to the Public Offer Account, and (iii) the details of the Surplus Amount, if any, that are to be transferred from Escrow Accounts to the Refund Account, each in the form specified in Annexure F; and (b) intimate the SCSBs and the Sponsor Banks (with a copy to the Book Running Lead Managers, the Company and the Selling Shareholders), the Designated Date, and provide the SCSBs and each of the Sponsor Banks with the written details of the blocked amounts that are required to be unblocked and transferred from the ASBA Accounts including the accounts blocked through the UPI Mechanism, as applicable, to the Public Offer Account. The Escrow Collection Bank and the SCSBs, on receipt of such details / written instructions from the Registrar and the BRLMs, as applicable, shall each respectively, within Banking Hours on the same Working Day transfer the amounts lying to the credit of the Escrow Accounts and/or blocked in the ASBA Accounts in relation to the successful Bidders to the Public Offer Account on the Designated Date, as applicable. The Sponsor Banks, based on the UPI Mandate Request approved by the respective UPI Bidders at the time of blocking of their respective funds, will raise the debit/ collect request from the respective ASBA Account and issue necessary instructions, whereupon the funds will be transferred from such ASBA Account to the Public Offer Account based on the finalized basis of allocation and the remaining funds, if any, will be unblocked without any manual intervention by the UPI Bidder. The Refund Bank shall ensure the transfer of the Surplus Amount to the account of the Beneficiaries and immediately upon such transfer, the Refund Bank shall intimate the Book Running Lead Managers, the Company and the Selling Shareholders of such transfer. The Sponsor Banks shall be responsible for sharing the details of Bid Amounts that have to be unblocked and transferred from the ASBA Accounts to the Public Offer Account with the UPI Bidders’ banks. The amounts to be transferred to the Public Offer Account by the Escrow Collection Bank represent Bids from Anchor Investors that have received confirmed allocation in respect of the Equity Shares in the Offer and amounts, if any, paid by the Underwriters or any other person pursuant to their underwriting obligations in terms of the Underwriting Agreement. The amounts to be unblocked and transferred to the Public Offer Account by the SCSBs (including the relevant UPI Bidder’s bank on raising of debit/collect requests by the Sponsor Banks) and the Sponsor Banks represent Bids from ASBA Bidders that have received confirmed allocation in respect of the Equity Shares in the Offer.

Completion of the Offer. 3.2.3.1 The Escrow Collection Bank, Public Offer Account Bank, Refund Bank and Sponsor Banks shall refer to 3.2.3.1. If the Red Xxxxxxx Prospectus for does not specify the Anchor Investor Bid/ Offer Period, the BRLMs shall, after filing the Red Xxxxxxx Prospectus with the RoC and prior to the Anchor Investor Bid/ Offer Period, and upon receipt of such information from the Company, intimate in writing (in the form specified in Annexure D) the Anchor Investor Bid/Offer Period, the Bid / Bid/Offer Opening Date and Bid / the Bid/Offer Closing DateDate to the Escrow Collection Bank, the Public Offer Account Bank, the Refund Bank, the Sponsor Banks and the Registrar to the Offer (with a copy to the Company). The RegistrarRegistrar to the Offer, shall, on or prior to the Designated Date, in writing, (a) along with the Book Running Lead ManagersBRLMs, intimate to the Escrow Collection Bank, the Public Offer Account Bank and the Refund Bank (with a copy to the Company and the Selling ShareholdersCompany), the Designated Date and provide the Escrow Collection Bank, the Public Offer Account Bank and the Refund Bank with (i) the written details of the amounts that are to be transferred from the Escrow Accounts to the Public Offer Account; and (ii) amounts, if any, paid by the Underwriters or any other person pursuant to any underwriting obligations in terms of the Underwriting Agreement to be transferred from the Escrow Accounts to the Public Offer Account, and (iii) the details of the Surplus Amount, if any, that are to be transferred from Escrow Accounts to the Refund Account, each in the form specified in Annexure FE; and (b) intimate the SCSBs and the Sponsor Banks (with a copy to the Book Running Lead Managers, the Company BRLMs and the Selling ShareholdersCompany) (in the form specified in Annexure F), the Designated Date, and provide the SCSBs and each of the Sponsor Banks with the written details of the blocked amounts that are required to be unblocked and transferred from the ASBA Accounts including the accounts blocked through the UPI Mechanism, as applicable, to the Public Offer Account. The Escrow Collection Bank and the SCSBs, on receipt of such details / written instructions from the Registrar and the BRLMs, as applicable, shall each respectively, within Banking Hours on the same Working Day transfer the amounts lying to the credit of the Escrow Accounts and/or blocked in the ASBA Accounts in relation to the successful Bidders Mechanism to the Public Offer Account on the Designated Date, as applicablewell as Surplus Amounts that are required to be unblocked. The Sponsor Banks, based on the UPI Mandate Request approved by the respective UPI Bidders at the time of blocking of their respective funds, will raise the debit/ debit/collect request from the respective ASBA Account and issue necessary instructions, whereupon the funds will be transferred from such ASBA Account to the Public Offer Account based on the finalized basis of allocation and the remaining funds, if any, will be unblocked without any manual intervention by the UPI Bidder. The Refund Bank shall ensure the transfer of the Surplus Amount to the account of the Beneficiaries and immediately upon such transferRegistrar, the Refund Bank shall intimate the Book Running Lead Managers, the Company SCSBs and the Selling Shareholders of such transfer. The Sponsor Banks shall ensure that unblocking is completed within two (2) Working Days from the Bid/Offer Closing Date, or such other timelines as may be responsible for sharing the details prescribed under Applicable Law. In case of Bid Amounts that have to be unblocked and transferred from any delay in unblocking of amounts in the ASBA Accounts to the Public Offer Account with (including amounts blocked through the UPI Bidders’ banksMechanism) exceeding two (2) Working Days from the Bid/ Offer Closing Date or such other period prescribed under Applicable Law, the Bidder shall be compensated by the intermediary responsible for causing such delay (as determined by the BRLMs, in their sole discretion) in unblocking in accordance with Applicable Law (“Relevant Intermediary”). The Company agrees that the BRLMs are not responsible for unblocking of accounts and any delay in unblocking is the sole responsibility of the SCSBs. It is hereby clarified that the Syndicate shall not be liable in any manner whatsoever for any failure or delay on the part of the Relevant Intermediary in discharging its obligation to compensate the investor for the delay in unblocking of the amounts, as stated above. The amounts to be transferred to the Public Offer Account by the Escrow Collection Bank represent Bids from Anchor Investors that have received confirmed allocation in respect of the Equity Shares in the Offer and amounts, if any, paid by the Underwriters or any other person pursuant to their any underwriting obligations in terms of the Underwriting Agreement. The amounts to be unblocked and transferred to the Public Offer Account by the SCSBs (including the relevant UPI Bidder’s bank on raising of debit/collect requests by the Sponsor Banks) and the Sponsor Banks represent Bids from ASBA Bidders Bidders, including Bids received through the UPI Mechanism, that have received confirmed allocation in respect of the Equity Shares in the Offer.

Completion of the Offer. 3.2.3.1 The Escrow Collection Bank, Public Offer Account Bank, Refund Bank and Sponsor Banks shall refer to the Red Xxxxxxx Prospectus for the Anchor Investor Bid/Offer Period, the Bid / Offer Opening Date and Bid / Offer Closing Date. The Registrar, shall, on or prior to the Designated Date, in writing, (a) along with the Book Running Lead Managers, intimate to the Escrow Collection Bank (with a copy to the Company and the Selling Shareholders), the Designated Date and provide the Escrow Collection Bank with (i) the written details of the amounts that are to be transferred from the Escrow Accounts to the Public Offer Account; (ii) amounts, if any, paid by the Underwriters or any other person pursuant to any underwriting obligations in terms of the Underwriting Agreement to be transferred from the Escrow Accounts to the Public Offer Account, and (iii) the details of the Surplus Amount, if any, that are to be transferred from Escrow Accounts to the Refund Account, each in the form specified in Annexure F; and (b) intimate the SCSBs and the Sponsor Banks (with a copy to the Book Running Lead Managers, the Company and the Selling Shareholders), the Designated Date, and provide the SCSBs and each of the Sponsor Banks with the written details of the blocked amounts that are required to be unblocked and transferred from the ASBA Accounts including the accounts blocked through the UPI Mechanism, as applicable, to the Public Offer AccountAccount as well as Surplus Amount that are required to be unblocked. The Escrow Collection Bank and the SCSBs, on receipt of such details / written instructions from the Registrar and the BRLMs, as applicable, shall each respectively, within Banking Hours on the same Working Day transfer the amounts lying to the credit of the Escrow Accounts and/or or blocked in the ASBA Accounts in relation to the successful Bidders to the Public Offer Account on the Designated Date, as applicable. The Sponsor Banks, based on the UPI Mandate Request approved by the respective UPI Bidders at the time of blocking of their respective funds, will raise the debit/ collect request from the respective ASBA Account and issue necessary instructions, whereupon the funds will be transferred from such ASBA Account to the Public Offer Account based on the finalized basis of allocation and the remaining funds, if any, will be unblocked without any manual intervention by the UPI Bidder. The Refund Bank shall ensure the transfer of the Surplus Amount to the account of the Beneficiaries and immediately upon such transfer, the Refund Bank shall intimate the Book Running Lead Managers, the Company and the Selling Shareholders of such transfer. The Sponsor Banks shall be responsible for sharing the details of Bid Amounts that have to be unblocked and transferred from the ASBA Accounts to the Public Offer Account with the UPI Bidders’ banks. The amounts to be transferred to the Public Offer Account by the Escrow Collection Bank represent Bids from Anchor Investors that have received confirmed allocation in respect of the Equity Shares in the Offer and amounts, if any, paid by the Underwriters or any other person pursuant to their any underwriting obligations in terms of the Underwriting Agreement. The amounts to be unblocked and transferred to the Public Offer Account by the SCSBs (including the relevant UPI Bidder’s bank on raising of debit/collect requests request by the Sponsor Banks) and the Sponsor Banks represent Bids from ASBA Bidders that have received confirmed allocation in respect of the Equity Shares in the Offer.

Completion of the Offer. 3.2.3.1 The Escrow Collection Bank, Public Offer Account Bank, Refund Bank and Sponsor Banks shall refer to 3.2.3.1. If the Red Xxxxxxx Prospectus for does not specify the Anchor Investor Bid/Offer Period, the Bid / BRLMs shall, after filing the Red Xxxxxxx Prospectus with the RoC and prior to the Anchor Investor Bid/Offer Period, and upon receipt of such information from the Company, intimate in writing (in the form specified in Annexure D) the Anchor Investor Bid/Offer Period, the Bid/Offer Opening Date and Bid / the Bid/Offer Closing DateDate to the Escrow Collection Bank, the Public Offer Account Bank, the Refund Bank, the Sponsor Banks and the Registrar to the Offer (with a copy to the Company and the Selling Shareholders). The RegistrarRegistrar to the Offer, shall, on or prior to the Designated Date, in writing, (a) along with the Book Running Lead ManagersBRLMs, intimate to the Escrow Collection Bank, the Public Offer Account Bank and the Refund Bank (with a copy to the Company and the Selling Shareholders), the Designated Date and provide the Escrow Collection Bank, the Public Offer Account Bank and the Refund Bank with (i) the written details of the amounts that are to be transferred from the Escrow Accounts to the Public Offer Account; (ii) including amounts, if any, paid by the Underwriters or any other person pursuant to any underwriting obligations in terms of the Underwriting Agreement Agreement) that are to be transferred from the Escrow Accounts to the Public Offer Account, ; and (iiiii) the details of the Surplus Amount, if any, that are to be transferred from Escrow Accounts to the Refund Account, each in the form specified in Annexure FE; and (b) intimate the SCSBs and the Sponsor Banks (with a copy to the Book Running Lead ManagersBRLMs, the Company and the Selling Shareholders) (in the form specified in Annexure F), the Designated Date, and provide the SCSBs and each of the Sponsor Banks with the written details of the blocked amounts that are required to be unblocked and transferred from the ASBA Accounts including the accounts blocked through the UPI Mechanism, as applicable, to the Public Offer Account. The Escrow Collection Bank and the SCSBs, on receipt of such details / written instructions from the Registrar and the BRLMs, as applicable, shall each respectively, within Banking Hours on the same Working Day transfer the amounts lying to the credit of the Escrow Accounts and/or blocked in the ASBA Accounts in relation to the successful Bidders Mechanism to the Public Offer Account on the Designated Date, as applicablewell as Surplus Amounts that are required to be unblocked. The Sponsor Banks, based on the UPI Mandate Request approved by the respective UPI Bidders at the time of blocking of their respective funds, will raise the debit/ debit/collect request from the respective ASBA Account and issue necessary instructions, whereupon the funds will be transferred from such ASBA Account to the Public Offer Account based on the finalized basis of allocation and the remaining funds, if any, will be unblocked without any manual intervention by the UPI Bidder. The Refund Bank shall ensure the transfer of the Surplus Amount to the account of the Beneficiaries and immediately upon such transferRegistrar, the Refund Bank shall intimate the Book Running Lead Managers, the Company SCSBs and the Selling Shareholders of such transfer. The Sponsor Banks shall ensure that unblocking is completed within two (2) Working Days from the Bid/Offer Closing Date, or such other timelines as may be responsible for sharing the details prescribed under Applicable Law. In case of Bid Amounts that have to be unblocked and transferred from any delay in unblocking of amounts in the ASBA Accounts to the Public Offer Account with (including amounts blocked through the UPI Bidders’ banksMechanism) exceeding two (2) Working Days from the Bid/ Offer Closing Date or such other period prescribed under Applicable Law, the Bidder shall be compensated by the intermediary responsible for causing such delay (as determined by the BRLMs in their sole discretion) in unblocking in accordance with Applicable Law (“Relevant Intermediary”). The Company agrees that the BRLMs are not responsible for unblocking of accounts and any delay in unblocking is the sole responsibility of the SCSBs. It is hereby clarified that the Syndicate shall not be liable in any manner whatsoever for any failure or delay on the part of the Relevant Intermediary in discharging its obligation to compensate the investor for the delay in unblocking of the amounts, as stated above. The amounts to be transferred to the Public Offer Account by the Escrow Collection Bank represent Bids from Anchor Investors that have received confirmed allocation in respect of the Equity Shares in the Offer and amounts, if any, paid by the Underwriters or any other person pursuant to their any underwriting obligations in terms of the Underwriting Agreement. The amounts to be unblocked and transferred to the Public Offer Account by the SCSBs (including the relevant UPI Bidder’s bank on raising of debit/collect requests by the Sponsor Banks) and the Sponsor Banks represent Bids from ASBA Bidders Bidders, including Bids received through the UPI Mechanism, that have received confirmed allocation in respect of the Equity Shares in the Offer.