CLSA India Private Limited
Disclaimer - Important

IMPORTANT: You must read and agree with the terms and conditions of the following disclaimer before continuing.

The following disclaimer applies to the red herring prospectus of Devyani International Limited (the "Company") dated July 26, 2021 (the "RHP") filed with the Registrar of Companies, National Capital Territory of Delhi and Haryana at New Delhi ("RoC") and Securities and Exchange Board of India ("SEBI") and hosted on this website in connection with the proposed initial public offering of equity shares of the Company (the "Offer") that CLSA India Private Limited ("CLSA") is associated with as one of the Lead Managers. The RHP has been made available on this website in electronic form solely to comply with Regulation 26(4) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended. You are advised to read this disclaimer carefully before reading, accessing or making any other use of the RHP. By accessing the RHP, you agree to follow the following terms and conditions, including any modifications to them from time to time.

The contents of the RHP are for your information only. No part of the contents herein shall be copied or duplicated in any form by any means or redistributed and in particular, may not be forwarded to any U.S. persons (as defined in Regulation S of the United States Securities Act of 1933, as amended (the "Securities Act")) or to any U.S. address. Any forwarding, distribution or reproduction of the contents herein in whole or in part is unauthorized. Failure to comply with this directive may result in a violation of the Securities Act or the applicable laws of other jurisdictions. CLSA and/ or its affiliates are not soliciting any action based on any of the information contained on this website, including the RHP, and such information should not be construed as an offer, or invitation or offer to sell or the solicitation of any offer to buy or subscribe for or purchase any security. Neither CLSA nor any of its affiliates represents that the contents of the RHP are accurate or complete. The information contained in a draft red herring prospectus or a red herring prospectus may not be updated since its original publication date and may not reflect the latest updates.

The information contained in this portion of our website is not intended to be, and should not be, viewed by U.S. persons or any person in the United States. By accessing such information, you are hereby deemed to represent that (a) you are not a U.S. person and (b) you are not in the United States. The information contained in this website does not constitute an offer for sale in the United States. The securities described in the RHP have not been, and will not be, registered under the Securities Act, or with any securities regulatory authority of any state or other jurisdiction in the United States and may not be offered or sold, directly or indirectly, into the United States unless the securities are so registered or an exemption from the registration requirements is available. This does not constitute, and should not be construed as, "general solicitation or general advertising" as defined under Regulation D of the Securities Act, or "directed selling efforts" under Regulation S of the Securities Act.

Any potential investor should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the RHP filed with the RoC, including the section titled "Risk Factors". Any decision on whether to invest in the equity shares must be made solely on the basis of the RHP filed with the RoC. As there may be material changes in the RHP as compared to the draft red herring prospectus dated May 14, 2021 ("DRHP"), filed with SEBI, potential investors should not rely on the DRHP.

CLSA, one of the Lead Managers has taken all necessary steps to ensure that the contents of the RHP as appearing on this website are identical to the RHP filed with the relevant regulatory authorities in India. However, you are reminded that documents transmitted in electronic form may be altered or changed during the process of transmission and consequently neither CLSA nor any of its affiliates accept any liability or responsibility whatsoever in respect of alterations or changes which have taken place during the course of transmission of electronic data. CLSA, the Company and selling shareholders will not be responsible for any loss or damage that could result from interception and interpretation by any third parties of any information being made available to you through this website.

Neither CLSA, Company and selling shareholders, nor any of its affiliates nor their directors, officers and employees will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or disruption of this website, or resulting from the act or omission of any other party involved in producing or hosting this website or the data contained therein available to you, or from any other cause relating to your access to, inability to access or use of the website or these materials.

Please note that forms downloaded and used for subscription to the Offer in contravention of the above will be rejected with no recourse to CLSA, any other Lead Manager to the Offer, the Company, the selling shareholders or any of their respective affiliates.

Overseas persons

Viewing this information may not be lawful in certain jurisdictions. In other jurisdictions, only certain categories of person may be allowed to view or use this information. Any person who wishes to view this site must first satisfy themselves that they are not subject to any local requirements which prohibit or restrict them from doing so. Please note that because of restrictions imposed by law on soliciting securities business in various jurisdictions, subscription to the Offer will not be permitted to residents of certain jurisdictions. The DRHP is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where (a) distribution or use of such information would be contrary to law or regulation; or (b) the CLSA or any of its affiliates would by virtue of such distribution become subject to new or additional registration requirements.

If you are not permitted to view materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.