Kunal Bhatia

Yes, sir. Thanks for the opportunity. Sir, just one clarification in terms of the valuation you have given. So, like you said, if everything goes as per your expectation, the amount currently paid of about Rs. 300 odd crores would be for a bare minimum of 28% stake. Am I right on that?

Okay. So, the Rs. 325 crores is not even for the 28% if everything goes well. So, we will have to pay an additional amount to get that?

Okay. So, for clarity purpose, if you could give us some sense on, say, for that bare minimum 28% stake, what is the number which you have in mind? And secondly, also wanted to know that, yes, I agree that the last two years’ numbers were on a lower side. In the last, since you would have analyzed the numbers, in the last 10 years, what is the kind of peak revenues has Bhanasali Production achieved?