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KM 554e-20170719154320This has reference to your letter dated May 25, 2017 and June 28, 2017 requesting for interpretive letter under Securities and Exchange Board of India (informal

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Page 1: KM 554e-20170719154320This has reference to your letter dated May 25, 2017 and June 28, 2017 requesting for interpretive letter under Securities and Exchange Board of India (informal
Page 2: KM 554e-20170719154320This has reference to your letter dated May 25, 2017 and June 28, 2017 requesting for interpretive letter under Securities and Exchange Board of India (informal
Page 3: KM 554e-20170719154320This has reference to your letter dated May 25, 2017 and June 28, 2017 requesting for interpretive letter under Securities and Exchange Board of India (informal
Page 4: KM 554e-20170719154320This has reference to your letter dated May 25, 2017 and June 28, 2017 requesting for interpretive letter under Securities and Exchange Board of India (informal