FACTS

Total money from New Investor 600

- Introduced as New Investor Equity Infusion 300
- Introduced as Promoter Infusion 300
Interest rate p.a. 15%
Land Value at Time of Mortgage (Market
Approach) 300
Anticipated Land appreciation in 2 years 25%
Anticipated Land Value at time of redemption 375
Valuation Cap 3000

CASHFLOW VISION

INFLOWS 2024 2025

New Investor and Promoter

Infusion as Equity (Actually Debt) 600
600 0

OUTFLOWS
Interest Paid on Investment
Capital Gains Tax
Equity Bayback (For Debt
Repayment)

0 0
Net Inflow/(Outflow) 600 0

Impact on P&L
Total Cost of Funding
Appreciation benefit on Land
Net Impact

Interest Cost
Principal
Total Repayment after 2 years
LTCG to be paid
Assume Market Value after 2 years
No. of Shares
Value per share

Share required to offload in Secondary market

Cost per share
Capital Gain per share
Total Capital Gain
LTCG @ 23%

Total Cost (Interest +LTCG)

Less: Land sale cost
Net Loss
 CAP TABLE ON ISSUANCE
(Amount in Crores)
2026 Particulars Current Post infusion
Promoter & Promoter Group 62.5% 60.4%

0 OAKS 26.7% 22.2%

New Investor 0.0% 8.3%
GII 8.1% 6.7%

0
0

97
300
397

5000
62,615,621
799

5,306,674
575
224
118.62
27.28

124
82
42
FACTS

Promoter Equity Infusion as a result of Land

Sale 300

New Investor Equity Infusion as a result of Land

Sale (Actually Debt Repayable in 2 years) 300
Interest rate p.a. 15%
Land Value at Time of Mortgage (Market
Approach) as per CBRE Report net of Charges
Payable 300
Pending Dues to be paid towards EDC/IDC,
TOD, Approval Charges, etc 0
Anticipated Land appreciation in 2 years 25%
Anticipated Land Value post payment of
pending dues on date of redemption 375
Valuation Cap 4000

CASHFLOW VISION

INFLOWS 2024 2025

New Investor and Promoter

Infusion as Equity (Actually Debt) 600
600 0

OUTFLOWS
Interest Paid on Investment
Capital Gains Tax
Equity Bayback (For Debt
Repayment)

0 0
Net Inflow/(Outflow) 600 0

Impact on P&L
Opportunity Loss
Total Cost of Funding
Net Impact

Opportunity Loss
Principal
Total Repayment after 2 years
LTCG to be paid
Assume Market Value after 2 years
No. of Shares
Value per share

Share required to offload in Secondary market

Cost per share
Capital Gain per share
Total Capital Gain
LTCG @ 23%

Total Cost (Opp. Cost +LTCG)

Less: Mortgage Cost
Net Gain
(Amount in Crores)
2026

0
0

0
0

75 171.75
300 300 96.75
375 396.75
91.2525
 5000 659.7525 359.7525
60,006,636 320.615538
833

4,584,507 This constitutes nearly 10% holding. Would not let it get offloaded in
767
66
30.37
6.98

82
124
42
CAP TABLE ON ISSUANCE

Particulars Current Post infusion

Promoter & Promoter Group 62.5% 60.8%

OAKS 26.7% 23.2%

New Investor 0.0% 6.5%
GII 8.1% 7.0%
10% holding. Would not let it get offloaded into secondary market as it would significantly impact share price