*MOWML (Motilal Oswal Wealth Management Ltd), its holding company and associate companies are a full service, integrated investment banking, portfolio management and brokerage group. Our research analysts and sales persons provide important input into our investment banking activities. This document does not constitute an offer or solicitation. The information contained herein is from publicly available data or other sources believed to be reliable, but we do not represent that it is accurate or complete and it should not be relied on as such. MOWML or any of its affiliates/ group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained herein, assumes the entire risk of any use made of this information. This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose. This document is not directed or intended for distribution, if the use would be contrary to law, regulation. This information is subject to change without any prior notice. MOWML reserves the right to make modifications and alterations to this statement as may be required from time to time. However, MOWML is under no obligation to update or keep the information current. Neither MOWML nor any of its affiliates, group companies, directors, employees, agents or representatives shall be liable for any damages whether direct, indirect, special or consequential including lost revenue or lost profits that may arise from or in connection with the use of the information. Past performance is not necessarily a guide to future performance. Any dispute arising out of the document shall be subject to the exclusive jurisdiction of the Courts in Mumbai, India.