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The shares have been acquired pursuant to invocation of pledge of the shares subsequent to default/breach of terms of credit facilities sanctioned by Yes Bank to Essel Business Excellence Services Ltd, Essel Corporate Resources Pvt Ltd, Living Entertainment Enterprises Pvt Ltd, Last Mile Online Ltd, Pan India Network Infravest Ltd, RPW Projects Pvt Ltd, Mumbai WTR Pvt Ltd and Pan India Infraprojects Pvt Ltd.
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