E-mail: investors@deccanhealthcare.co.in; Website: www.deccanhealthcare.co.in;
| Basis of Allotment |
| (This is only an advertisement for Information purpose and not a Prospectus announcement. This does not constitute an invitation or offer to acquire, purchase or subscribe for securities. Not for publication or distribution, directly or indirectly outside India) | |
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DECCAN HEALTH CARE LIMITED |
| Our Company was originally incorporated as Deccan Health Care Limited at Hyderabad, Andhra Pradesh as a Public Limited Company under the provision of Companies Act, 1956 vide Certificate of Incorporation dated June 14, 1996 bearing Registration Number 01-24351 issued by the Registrar of Companies, Andhra Pradesh, Hyderabad. Subsequently, our Company was converted into a private limited company and the name of our Company was changed to Deccan Health Care Private Limited vide a Fresh Certificate of Incorporation dated June 12, 2009, issued by the Assistant Registrar of Companies, Andhra Pradesh. Further, our Company was converted into a public limited company pursuant to special resolution passed by the members in Extraordinary General Meeting held on August 12, 2017 and the name of our Company was changed to Deccan Health Care Limited vide a Fresh Certificate of Incorporation dated August 31, 2017, issued by the Registrar of Companies, Andnra Pradesh, Hyderabad. For details of Incorporation, Change of Name and Registered Office of our Company, please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 170 of the Prospectus. | |
| Registered
and Corporate Office: 247, 2nd floor, Dwarakapuri Colony, Punjagutta, Hyderabad - 500
082, Telangana, India. Tel. No: +91 40 40144508; E-mail: investors@deccanhealthcare.co.in; Website: www.deccanhealthcare.co.in; |
|
| Corporate Identification Number: U72200TG1996PLC024351; Contact Person: Purnima Bhasin, Company Secretary and Compliance Officer | |
| PROMOTERS OF OUR COMPANY: MINTO PURSHOTAM GUPTA AND HITESH PATEL | |
| BASIS OF ALLOTMENT | |
INITIAL PUBLIC OFFER OF 42,12,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ("EQUITY SHARES") OF DECCAN HEALTH CARE LIMITED ("COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF RS. 100 PER EQUITY SHARE (THE "OFFER PRICE") (INCLUDING A SHARE PREMIUM OF RS. 90 PER EQUITY SHARE) AGGREGATING RS. 4,212.00 LAKHS ("OFFER") COMPRISING A FRESH ISSUE OF 22,12,000 EQUITY SHARES AGGREGATING RS. 2,212.00 LAKHS BY THE COMPANY ("FRESH ISSUE") AND AN OFFER FOR SALE OF 14,00,000 EQUITY SHARES BY HITESH PATEL (REFERRED TO AS THE " PROMOTOR SELLING SHAREHOLDER") AND 6,00,000 EQUITY SHARES BY MEENAKSHI GUPTA (REFFERED TO AS THE "SELLING SHAREHOLDER") (COLLECTIVELY KNOWN AS "SELLING SHAREHOLDERS") AGGREGATING 20,00,000 EQUITY SHARES BY THE SELLING SHAREHOLDERS ("OFFER FOR SALE") AND TOGETHER WITH THE FRESH ISSUE ("THE OFFER"). THE OFFER COMPRISES OF 2,11,200 EQUITY SHARES OF FACE VALUE RS. 10/- EACH FOR CASH AT A PRICE OF RS. 100 PER EQUITY SHARE, AGGREGATING RS. 211.20 LAKHS WHICH WERE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE OFFER (THE "MARKET MAKER RESERVATION PORTION"). THE OFFER LESS MARKET MAKER RESERVATION PORTION I.E. OFFER OF 40,00,800 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 100 PER EQUITY SHARE, AGGREGATING RS. 4,000.80 LAKHS IS HEREINAFTER REFERED TO AS THE "NET OFFER", THE OFFER AND THE NET OFFER CONSTITUTE 26.81 % AND 25.46 %, RESPECTIVELY OF THE POST OFFER PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended (the "SCRR") the Offer is being made for at least 25% of the post-Offer paid-up Equity Share capital of our Company. The Offer is being made in accordance with Chapter IX of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended from time to time ("SEBI (ICDR) Regulations"), wherein no shares were reserved for allocation to QIBs (the "QIB category"). Further, 50% of the Net Offer was available for allocation on a proportionate basis to Non-Institutional Investors and 50% of the Net Offer was available for allocation to Retail Individual Investors, in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. For further details please refer the section titled 'Offer Information' beginning on page 275 of the Prospectus.
RISKS TO INVESTORS:
| I. | This being the first public Offer of our Company, there has been no formal market for the Equity Shares. The face value of the Equity Shares is Rs. 10 each. The Offer Price as stated in "Basis for Offer Price" on page 102 of Prospectus should not be taken to be indicative of the market price of the Equity Shares after the Equity Shares are listed on SME Platform of BSE Limited. No assurance can be given regarding an active or sustained trading in the Equity Shares or regarding the price at which the Equity Shares will be traded after listing. |
| II. | As on date of the Prospectus, the average cost of acquisition per Equity Share by our Promoters viz. Minto Purshotam Gupta is Not Determinable and Hitesh Patel is 0.11. |
| THE FACE VALUE OF EQUITY SHARES IS RS. 10/- EACH. |
| THE OFFER PRICE IS RS. 100.00/- PER EQUITY SHARE |
| BID/OFFER OPENED ON: TUESDAY, DECEMBER 18, 2018 AND CLOSED ON: THURSDAY, DECEMBER 20, 2018 |
The Equity Shares of our Company issued through the Prospectus are proposed to be listed on the SME Platform of BSE Limited ('BSE SME'), n terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018 as amended from time to time. Our Company has received an In - Principle approval letter dated December 07, 2018 from BSE Limited for using its name in the Offer document for listing of our shares on the SME Platform of BSE Limited. For the purpose of this Offer, BSE Limited shall be the Designated Stock Exchange.
SUBSCRIPTION DETAILS
The Offer has received 1,614 applications for 63,33,600 Equity shares (before rejections, before bids not banked but after Invalid Multiple/Duplicate bids) including Market Maker Application of 2,11,200 Equity Shares. The offer was subscribed to the extent of 1.50 times as per the application data (before rejections, before bids not banked but after Invalid Multiple/Duplicate bids). After considering the technical rejections cases, the issue was subscribed 1.48 times.
The details of application received (Before Technical Rejection but after bids not banked and application banked but bid not registered)
| CATEGORY | NUMBER OF APPLICATIONS | NUMBER OF EQUITY SHARES | SUBSCRIPTION |
| Market Maker | 1 | 211200 | 1.00 |
| Non Retail Investors | 183 | 4406400 | 2.20 |
| Retail Individual Investors | 1430 | 1716000 | 0.86 |
| Total | 1614 | 6333600 | 1.50 |
Final Demand
| Sr No | Bid Price | No of Equity Shares Bid for | % of Total | Cumulative Total | Percentage of cumulative total |
| 1. | 95 | 37,200 | 0.55% | 37.200 | 0.55% |
| 2. | 96 | 3,600 | 0.05% | 40,800 | 0.61% |
| 3. | 99 | 1,200 | 0.02% | 42,000 | 0.62% |
| 4. | 100 | 54,25,200 | 80.52% | 54,67,200 | 81.14% |
| 5. | Cut Off | 12,70,800 | 18.86% | 67,38,000 | 100.00% |
| Total | 67,38,000 | 100.00% |
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on December 26, 2018.
| A. | Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 100.00/- per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 2,11,200 Equity shares in full out of reserved port on of 2,11,200 Equity Shares. |
| B. | Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 100.00/- per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 0.83 times. Total number of shares allotted in this category is 16,60,800* Equity Shares. The category wise basis of allotment is as under: |
| Sr. No | No. of Shares applied for (Category wise) | Number of applications received | % to total | Total No. of Shares applied in each category | % to total | Proportionate shares available | Allocation per Applicant Before Rounding off | Allocation per Applicant After Rounding off | Ration of allottees to applicants | Serial Number of Qualifying applicants | Number of successful applicants (after rounding) | % to total | Total No. of shares allocated/ alloted | % to total | Surplus/ Deficit (14)-(7) |
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | (13) | (14) | (15) | (16) |
| 1 | 1,200 | 1,384 | 100.00 | 16,60,800 | 100.00 | 20,00,400 | 1,200 | 1,200 | 111 | 1,384 | 100.00 | 16,60,800 | 100.00 | 3,39,600 |
*The under subscribed portion of 339600 Equity shares from Retail Investors Category have been spilled over to Non Retail Individual Investors Category.
| C. | Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs. 100.00/- per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 2.17 times (without considering spill over). Total number of shares allotted in this category is 23,40,000* Equity Shares. The category wise basis of allotment is as under: |
| Sr. No | No. of Shares applied for (Category wise) | Number of applications received | % to total | Total No. of Shares applied in each category | % to total | Proportionate shares available | Allocation per Applicant Before Rounding off | Allocation per Applicant After Rounding off | Ration of allottees to applicants | Serial Number of Qualifying applicants | Number of successful applicants (after rounding) | % to total | Total No. of shares allocated/ alloted | % to total | Surplus/ Deficit (14)-(7) | |
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | (13) | (14) | (15) | (16) | |
| 1 | 2,400 | 37 | 21.02 | 88,800 | 2.04 | 47,795 | 1,291.76 | 1,200 | 1 | 1 | 37 | 21.01 | 44,400 | 1.90 | (3,395) | |
| 1,200 | 3 | 37 | 2, 16, 30 | 3,600 | 0.15 | 3,600 | ||||||||||
| 2 | 3,600 | 8 | 4.55 | 28,800 | 0.66 | 15,501 | 1,937.63 | 1,200 | 1 | 1 | 8 | 4.55 | 9,600 | 0.41 | (5,901) | |
| 1,200 | 5 | 8 | 2, 4, 5, 6, 7 | 6,000 | 0.26 | 6,000 | ||||||||||
| 3 | 4,800 | 33 | 18.75 | 1,58,400 | 3.64 | 85,255 | 2,583.48 | 2,400 | 1 | 1 | 33 | 18.74 | 79,200 | 3.38 | (6,055) | |
| 1,200 | 5 | 33 | 17, 20, 25, 27, 31 | 6,000 | 0.26 | 6,000 | ||||||||||
| 4 | 6,000 | 8 | 4.55 | 48,000 | 1.10 | 25,835 | 3,229.38 | 2,400 | 1 | 1 | 8 | 4.55 | 19,200 | 0.82 | (6,635) | |
| 1,200 | 3 | 4 | 1, 3, 4 | 7,200 | 0.31 | 7,200 | ||||||||||
| 5 | 7,200 | 11 | 6.25 | 79,200 | 1.82 | 42,628 | 3,875.27 | 3,600 | 1 | 1 | 11 | 6.25 | 39,600 | 1.69 | (3,028) | |
| 1,200 | 3 | 11 | 5, 6, 8 | 3,600 | 0.15 | 3,600 | ||||||||||
| 6 | 8,400 | 1 | 0.57 | 8,400 | 0.19 | 4,521 | 4,521 | 4,800 | 1 | 1 | 1 | 0.57 | 4,800 | 0.21 | 279 | |
| 7 | 9,600 | 7 | 3.98 | 67,200 | 1.55 | 36,169 | 5,167 | 4,800 | 1 | 1 | 7 | 398 | 33,600 | 1.44 | (2,569) | |
| 1,200 | 2 | 7 | 2, 5 | 2,400 | 0.10 | 2,400 | ||||||||||
| 8 | 10,800 | 5 | 2.84 | 54,000 | 1.24 | 29,064 | 5,812.8 | 4,800 | 1 | 1 | 5 | 2.84 | 24,000 | 1.03 | (5,064) | |
| 1,200 | 4 | 5 | 1, 3, 4, 5 | 4,800 | 0.21 | 4,800 | ||||||||||
| 9 | 12,000 | 3 | 1.70 | 36,000 | 0.83 | 19,376 | 6,458.67 | 6,000 | 1 | 1 | 3 | 1.70 | 18,000 | 0.77 | (1,376) | |
| 1,200 | 1 | 3 | 3 | 1,200 | 0.05 | 1,200 | ||||||||||
| 10 | 13,200 | 2 | 1.14 | 26,400 | 0.61 | 14,209 | 7,104.5 | 7,200 | 1 | 1 | 2 | 1.14 | 14,400 | 0.62 | 191 | |
| 11 | 14,400 | 5 | 2.84 | 72,000 | 1.66 | 38,752 | 7,750.4 | 7,200 | 1 | 1 | 5 | 2.84 | 36,000 | 1.54 | (2,752) | |
| 1,200 | 2 | 5 | 2,4 | 2,400 | 0.10 | 2,400 | ||||||||||
| 12 | 15,600 | 3 | 1.70 | 46,800 | 1.08 | 25,189 | 8,396.33 | 8,400 | 1 | 1 | 3 | 1.70 | 25,200 | 1.08 | 11 | |
| 13 | 18,000 | 3 | 1.70 | 54,000 | 1.24 | 29,064 | 9,688 | 9,600 | 1 | 1 | 3 | 1.70 | 28,800 | 1.23 | (264) | |
| 14 | 19,200 | 6 | 3.41 | 1,15,200 | 2.65 | 62,004 | 10,334 | 9,600 | 1 | 1 | 6 | 3.41 | 57,600 | 2.46 | (4,404) | |
| 1,200 | 2 | 3 | 1, 2 | 4,800 | 0.21 | 4,800 | ||||||||||
| 15 | 21,600 | 2 | 1.14 | 43,200 | 0.99 | 23,251 | 11,625.5 | 10,800 | 1 | 1 | 2 | 1.14 | 21,600 | 0.92 | (1,651) | |
| 1,200 | 1 | 2 | 1 | 1,200 | 0.05 | 1,200 | ||||||||||
| 16 | 24,000 | 4 | 2.27 | 96,000 | 2.21 | 51,670 | 12,917.5 | 12,000 | 1 | 1 | 4 | 2.27 | 48,000 | 2.05 | (3,670) | |
| 1,200 | 3 | 4 | 2, 3, 4 | 3,600 | 0.15 | 3,600 | ||||||||||
| 17 | 25,200 | 3 | 1.70 | 75,600 | 1.74 | 40,690 | 13,563.33 | 13,200 | 1 | 1 | 3 | 1.70 | 39,600 | 1.69 | (1,090) | |
| 1,200 | 1 | 3 | 1 | 1.200 | 0.05 | 1,200 | ||||||||||
| 18 | 26,400 | 3 | 1.70 | 79,200 | 1.82 | 42,628 | 14,209.33 | 13,200 | 1 | 1 | 3 | 1.70 | 39,600 | 1.69 | (3,028) | |
| 1,200 | 2 | 3 | 1, 2 | 2,400 | 0.10 | 2,400 | ||||||||||
| 19 | 27,600 | 1 | 0.57 | 27,600 | 0.63 | 14,855 | 14,855 | 14,400 | 1 | 1 | 1 | 0.57 | 14,400 | 0.62 | (455) | |
| 20 | 30,000 | 3 | 1.70 | 90,000 | 2.07 | 48,441 | 16,147 | 15,600 | 1 | 1 | 3 | 1.70 | 46,800 | 2.00 | (1,641) | |
| 1,200 | 1 | 3 | 1 | 1,200 | 0.05 | 1,200 | ||||||||||
| 21 | 32,400 | 1 | 0.57 | 32,400 | 0.75 | 17,439 | 17,439 | 18,000 | 1 | 1 | 1 | 0.57 | 18,000 | 0.77 | 561 | |
| 22 | 33,600 | 1 | 0.57 | 33,600 | 0.77 | 18,084 | 18,084 | 18,000 | 1 | 1 | 1 | 0.57 | 18,000 | 0.77 | (84) | |
| 23 | 36,000 | 4 | 2.27 | 1,44,000 | 3.31 | 77,505 | 19,376.25 | 19,200 | 1 | 1 | 4 | 2.27 | 76,800 | 3.28 | (705) | |
| 1,200 | 1 | 4 | 3 | 1,200 | 0.05 | 1,200 | ||||||||||
| 24 | 39,600 | 1 | 0.57 | 39,600 | 0.91 | 21,314 | 21,314 | 21,600 | 1 | 1 | 1 | 0.57 | 21,600 | 0.92 | 286 | |
| 25 | 48,000 | 1 | 0.57 | 48,000 | 1.10 | 25,835 | 25,835 | 26,400 | 1 | 1 | 1 | 0.57 | 26,400 | 1.13 | 565 | |
| 26 | 50,400 | 2 | 1.14 | 1,00,800 | 2.32 | 54,253 | 27,126.5 | 26,400 | 1 | 1 | 2 | 1.14 | 52,800 | 2.26 | (1,453) | |
| 1,200 | 1 | 2 | 2 | 1,200 | 0.05 | 1,200 | ||||||||||
| 27 | 54,000 | 1 | 0.57 | 54,000 | 1.24 | 29,064 | 29,064 | 28,800 | 1 | 1 | 1 | 0.57 | 28,800 | 1.23 | (264) | |
| 28 | 60,000 | 2 | 1.14 | 1,20,000 | 2.76 | 64,587 | 32,293.5 | 32,400 | 1 | 1 | 2 | 1.14 | 64,800 | 2.77 | 213 | |
| 29 | 62,400 | 1 | 0.57 | 62,400 | 1.44 | 33,585 | 33,585 | 33,600 | 1 | 1 | 1 | 0.57 | 33,600 | 1.44 | 15 | |
| 30 | 87,600 | 1 | 0.57 | 87,600 | 2.01 | 47,149 | 47,149 | 46,800 | 1 | 1 | 1 | 0.57 | 46,800 | 2.00 | (349) | |
| 31 | 88,800 | 1 | 0.57 | 88,800 | 2.04 | 47,795 | 47,795 | 48,000 | 1 | 1 | 1 | 0.57 | 48,000 | 2.05 | 205 | |
| 32 | 96,000 | 1 | 0.57 | 96,000 | 2.21 | 51,670 | 51,670 | 51,600 | 1 | 1 | 1 | 0.57 | 51,600 | 2.21 | (70) | |
| 33 | 99,600 | 1 | 0.57 | 99,600 | 2.29 | 53,608 | 53,608 | 54,000 | 1 | 1 | 1 | 0.57 | 54,000 | 2.31 | 392 | |
| 34 | 1,00,800 | 2 | 1.14 | 2,01,600 | 4.64 | 1,08,507 | 54,253.5 | 54,000 | 1 | 1 | 2 | 1.14 | 1,08,000 | 4.62 | (507) | |
| 35 | 1,08,000 | 1 | 0.57 | 1,08,000 | 2.48 | 58,129 | 58,129 | 57,600 | 1 | 1 | 1 | 0.57 | 57,600 | 2.46 | (529) | |
| 36 | 1,20,000 | 1 | 0.57 | 1,20,000 | 2.76 | 64,587 | 64,587 | 64,800 | 1 | 1 | 1 | 0.57 | 64,800 | 2.77 | 213 | |
| 37 | 1,34,400 | 2 | 1.14 | 2,68,800 | 6.18 | 1,44,676 | 72,338 | 72,000 | 1 | 1 | 2 | 1.14 | 1,44,000 | 6.15 | (676) | |
| 1,200 | 1 | 2 | 2 | 1,200 | 0.05 | 1,200 | ||||||||||
| 38 | 1,50,000 | 1 | 0.57 | 1,50,000 | 3.45 | 80,734 | 80,734 | 80,400 | 1 | 1 | 1 | 0.57 | 80,400 | 3.44 | (334) | |
| 39 | 1,99,200 | 1 | 0.57 | 1,99,200 | 4.58 | 1,07,215 | 1,07,215 | 10,6800 | 1 | 1 | 1 | 0.57 | 1,06,800 | 4.56 | (415) | |
| 40 | 4,99,200 | 2 | 1.14 | 9,98,400 | 22.96 | 5,37,367 | 2,68,683.5 | 2,68,800 | 1 | 1 | 2 | 1.14 | 5,37,600 | 22.97 | 233 | |
| GRAND TOTAL | 176 | 100.00 | 43,47,600 | 100.00 | 23,40,000 | 176 | 100.00 | 23,40,000 | 100.00 | 0 | ||||||
*includes original reservation of 2000400 Equity shares and spill over from Retail Investors Category of 339600 Equity shares.
The Board of Directors of the Company at its meeting held on December 27, 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited and authorized corporate action for allotment of shares in dematenalized form to various successful applicants.
The CAN and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before December 28, 2018. Further, the instructions to SCSBs has been issued on December 27, 2018 for unblocking of funds. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. In case the same is not received within prescribed time, Investors may contact the registrar to the Issue at the address given below The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before December 31, 2018 subject to receipt of listing and trading approvals from BSE Limited.
MATERIAL DEVELOPMENTS POST FILING OF RED HERRING PROSPECTUS WITH SEBI AND ROC
In the matter of the Hitesh Patel and others Vs. Securities and Exchange Board of India (SEBI), in addition to the facts as disclosed in the Page 255-256 of the Red Herring Prospectus and Prospectus following developments have been taken place in the said matter after filing of Red Herring Prospectus -
"Recovery proceeding in the matter has been initiated by the Recovery Officer, SEBI and a notice of attachment of Bank account, Demat account and Mutual Fund folio has been issued dated December 20, 2018 for the recovery of dues i.e. penalty along with interest amounting to Rs. 11.28 Lakhs. However, as declared by Hitesh Patel to us, the same amount of Rs. 11.28 Lakhs has been paid on December 21, 2018 with a request to SEBI to release the notice of attachment at the earliest Consequently, Recovery Officer, SEBI has issued order dated December 26, 2018 directing all the Banks, Mutual Funds, Depositories to release the Bank accounts/lockers/Demat accounts/Mutual Fund folios of Mr. Hitesh Patel."
INVESTORS PLEASE NOTE
The details of the allotment made will be hosted on the website of the Registrar to the Offer at www.bigshareonlhe.com. All future correspondence in this regard may kindly be addressed to the Registrar quoting full name of the First- Sole applicant, serial number of the Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:
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BIGSHARE SERVICES PRIVATE LIMITED |
| 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai - 400059. www.bigshareonline.com; | |
| Tel: +91 22 62638200; Fax: +91 22 62638299; Email: ipo@bigshareonline.com; Website: | |
| Investor Grievance Id: investor@bigshareonline.com; Contact Person: Nilesh S Chalke; SEBI Registration Number: INR000001385 |
| For Deccan Health Care Limited | |
| On behalf of the Board of Directors | |
| Sd/- | |
| Date : December 27, 2018 | Minto Purshotam Gupta |
| Place: Hyderabad | Managing Director |
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF DECCAN HEALTH CARE LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assignee to them in the Prospectus.
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