Issuance of upto 3,50,000 (Three Lakh Fifty Thousand) Warrants each convertible into, or exchangeable for, one equity share within the period of 18 (eighteen months) in accordance with the applicable law ('Warrants') at a price of ?48 (Indian Rupees Forty-Eight only) each (including the Warrant subscription price and the Warrant exercise price) aggregating upto ?1,68,00,000 (Indian Rupees One Crore Sixty-Eight Lakhs only) to the members of the Promoter group