GAMMON INDIA LIMITED

THE DECISION OF THE COMPANY IN CONSULTATION WITH THE JOINT GLOBAL CO-
ORDINATORS IN RESPECT OF ALLOCATION SHALL BE FINAL AND BINDING ON ALL QIBS.
QIBS MAY NOTE THAT ALLOCATION OF EQUITY SHARES IS AT THE SOLE AND ABSOLUTE
DISCRETION OF THE COMPANY AND QIBS MAY NOT RECEIVE ANY ALLOCATION EVEN IF
THEY HAVE SUBMITTED VALID APPLICATION FORMS AT OR ABOVE THE ISSUE PRICE.
NEITHER THE COMPANY NOR THE JOINT GLOBAL CO-ORDINATORS ARE OBLIGED TO
ASSIGN ANY REASONS FOR SUCH NON-ALLOCATION.
All Application Forms duly completed along with payment and a copy of the PAN card or PAN allotment letter
shall be submitted to the Joint Global Co-ordinators as per the details provided in the respective CAN.
Number of Allottees
The minimum number of Allottees in the Issue shall not be less than:
(a) two, where the issue size is less than or equal to Rs. 2,500 million; or
(b) five, where the issue size is greater than Rs. 2,500 million.
Provided that no single allottee shall be Allotted more than 50 per cent. of the aggregate amount of the Issue Size.
Provided further that QIBs belonging to the same group or those who are under common control shall be deemed to
be a single Allottee for the purpose of this clause. For details of what constitutes ―same group‖ or ―common control‖
please see ―Application Process - Application Form‖.
The maximum number of Allottees of Equity Shares shall not be greater than 49 Allottees. Further the Equity
Shares will be Allotted within 12 months from the date of the shareholders resolution approving the Issue.
CAN
Based on the Application Forms received, the Company in consultation with the Joint Global Co-ordinators, in its
sole and absolute discretion, decide the list of QIBs to whom the serially numbered CAN shall be sent, pursuant to
which the details of the Equity Shares Allocated to them and the details of the amounts payable for Allotment of
such Equity Shares by the Pay-in Date in their respective names shall be notified to such QIBs. Additionally, the
CAN will include details of the bank account(s) for transfer of funds if done electronically, address where the
application money needs to be sent, Pay-In Date as well as the probable designated date (―Designated Date‖), being
the date of credit of the Equity Shares to the QIB‘s account, as applicable to the respective QIBs.
The eligible QIBs would also be sent a serially numbered Placement Document either in electronic form or by
physical delivery along with the serially numbered CAN.
The dispatch of the serially numbered Placement Document and the CAN to the QIB shall be deemed a valid,
binding and irrevocable contract for the QIB to furnish all details that may be required by the Joint Global Coordinators
and to pay the entire Issue Price for all the Equity Shares Allocated to such QIB.
Company Account for Payment of Application Money
The Company will open a special bank account (the ―Escrow Bank Account‖) with Citibank N.A. in terms of the
arrangement between the Company, the Joint Global Co-ordinators and the Citibank N.A. (acting as an escrow
111