Vinayak Mohta

Hi, team. Congrats on the great set of numbers. I just had a couple of questions. So, first up on the travel portal, right? Two-part question there. So, first thing is, when you move into the B2C model, will it be something similar to what the current OTAs are maybe specific on a particular mode of travel or hotels? But will it be similar to that?

Understood. On the second question, focusing on the EPR side, a previous participant did indicate towards $2 billion worth of volume on which the turnover will be around 4%. So, our share in that is going to be broadly 50% of the sale. So, on some rough calculation basis, we get to a revenue number of around Rs. 400 crores.

Understood. And just a small follow-up on this, is it fair to, are we the only people who have applied for these licenses or is there any other exchange that has done the same as well?