We would like to inform you that Housing Development Finance Corporation (HDFC) Limited has invoked 36,00,000 equity shares having nominal value of Rs. 10/- each, constituting 6.062% of the paid up share capital of the Company, in various trances, resulting into changes in holding of the promoters of the Company by more than 2% of the total shareholding of the Company. Further, as informed by HDFC Limited, they have sold 16,00,000 shares out of above 36,00,000 shares through open market.

You are requested to take the above on record.