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| Exchange Received Time 28/04/2018 19:50:48 Exchange Disseminated Time 28/04/2018 19:50:54 Time Taken 00:00:06 | Dear Sir(s),
This is to inform you that further to our stock exchange intimation dated April 28, 2018 w.r.t. the Outcome of the Adjourned Board Meeting dated April 27, 2018, FHL would hereby like to clarify the following:
1. In line with the obligations towards Manipal and TPG consortium, Manipal and TPG consortium will have the ability to provide a revised financial proposal till 12.00 Noon on May 06, 2018 in relation to all binding bids received by the Company anytime till 12.00 Noon on May 01, 2018.
2. In light of the above, the Expert Advisory Committee ('EAC') constituted by the Board of the Company, will evaluate: (a) all binding bids (including any extensions) received from any party (except the Manipal and TPG Consortium) till 12:00 Noon, IST on May 01, 2018; and (b) the revised binding financial proposals from the Manipal and TPG Consortium received till 12.00 Noon, IST on May 06, 2018.
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