The objects of the Offer are: (i) to carry out the disinvestment of [.] Equity Shares by the Selling Shareholder constituting [.]% of the Company’s paid up Equity Share capital the Company; and (ii) to achieve the benefits of listing the Equity Shares on the Stock Exchanges. the Company will not receive any proceeds from the Offer and all proceeds shall go to the Selling Shareholder.

Offer related expenses

The total expenses of the Offer are estimated to be approximately Rs. [.] million. The expenses of the Offer include, among others, fees payable to the BRLMs and legal counsel, fees payable to the Statutory Auditors, brokerage and selling commission, underwriting commission, commission payable to Registered Brokers, SCSBs’ fees, Registrar’s fees, printing and distribution expenses, legal expenses, statutory advertisement expenses and marketing expenses, registrar and depository fees, listing fees and all other expenses for listing the Equity Shares on the Stock Exchanges.

The Promoter is the President of India acting through the Ministry of Railways, Government of India. the Promoter, along with its nine nominees, currently holds 100% of the pre-Offer paid-up Equity Share capital of the Company. After this Offer, the Promoter shall hold [.]% of the post Offer paid-up Equity Share capital of our Company. As the Promoter is the President of India, acting through the Ministry of Railways, Government of India.