The views herein constitute only opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader(s). This information is meant for general reading purpose only and is not meant to serve as a professional investment guide. This document has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Five Rivers Portfolio Managers Private Limited (5 Rivers) or its directors, employees, affiliates or representatives do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such information. Due care has been taken to ensure that the disclosures and opinions given fair and reasonable. No action has been solicited based upon the information provided herein, and the information is not intended to be an offer or solicitation for the purchase or sale of any financial product or instrument. Recipients of this information should rely on information/data arising out of their own investigations. Readers are advised to seek independent professional advice and arrive at an informed investment decision before making any investments. None of the directors, employees, affiliates or representatives of 5 Rivers shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way whatsoever from the information contained in this material. None of the directors, employees, affiliates or representatives of 5 Rivers, have long or short positions in, and buy or sell the securities thereof, of company(ies) mentioned herein.