OBJECTS OF THE ISSUEOur Company proposes to utilise the funds which are being raised through the Issue, after deducting the Issue related expenses to the extent payable by our Company (“Net Proceedsâ€), estimated to be approximately million, towards funding the following objects (collectively, referred to herein as the “Objectsâ€):1. Advancing of subordinate debt in form of interest free unsecured loan to our Subsidiary, STPL, for partfinancing of the STPL Project (“STPL Sponsor Investmentâ€)
2. Acquisition of the subordinated debt in the form of unsecured loans/OCPIDs/warrants/OCDs, advanced/heldby SREI to STPL, KEPL and MTPL (“Identified SPVsâ€)
and3. General corporate purposes.