Further to our letter dated January 09, 2018, we would like to inform that Subscription to 10,32,606 equity shares offered to the Company by Hinduja Leyland Finance Limited (HLFL) on rights basis and 289 equity shares renounced in favour of the Company at a price of Rs. 110/- per share (including premium of Rs. 100/- per share) has been completed and 10,32,895 equity shares of HLFL has been allotted to the Company.