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Technical details:
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Jurisdiction:
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This website is for the exclusive purpose of transactions to be carried out within the territorial jurisdiction of India and all such transactions shall be governed by the laws in India. Notice is hereby given that Non Resident Indians (NRI’s) and Foreign Nationals accessing this web site and opting to transact thereon shall do so after due verification at their end of their eligibility to do so. VACA undertakes no responsibility for such pre-eligibility or qualification on part of Non-Resident Indians (NRI’s) or Foreign Nationals to transact on this website.

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Bombay Stock Exchange Limited (“BSE”), National Stock Exchange of India Limited (“NSE”) and other Exchange, if applicable, from time to time, are not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-laws of the BSE, NSE, SEBI Act or any other laws in force from time to time.

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BSE, NSE and any other Stock Exchange, if applicable, are not in any manner answerable, responsible or liable to any person or persons for any acts of omissions or commission, errors, mistakes of VACA and/or partners, agents associates etc., of any of the Rules, regulations, bye – laws of the BSE, NSE, SEBI Act or any other laws in force from time to time.

BSE, NSE and any other Stock Exchange, if applicable, are not answerable, responsible or liable for any information on this website or for any services rendered by VACA and/or its employees.

This report has been prepared by VACA. VACA is regulated by the Securities and Exchange Board of India.

This report does not constitute a prospectus, offering circular or offering memorandum and is not an offer or invitation to buy or sell any securities, nor shall part, or all, of this presentation form the basis of, or be relied on in connection with, any contract or investment decision in relation to any securities.

This report is for distribution only under such circumstances as may be permitted by applicable law. Nothing in this report constitutes a representation that any investment strategy, recommendation or any other content contained herein is suitable or appropriate to a recipient’s individual circumstances or otherwise constitutes a personal recommendation.

All investments involve risks and investors should exercise prudence in making their investment decisions. The report should not be regarded by the recipients as a substitute for the exercise of their own judgement. Any opinions expressed in this report are subject to change without notice and may differ or be contrary to opinions expressed by other business areas or groups of VACA as a result of using different assumptions and criteria. VACA is under no obligation to update or keep current the information contained herein.

The securities described herein may not be eligible for sale in all jurisdictions or to certain categories of investors. Options, derivative products and futures are not suitable for all investors, and trading in these instruments is considered risky. Mortgage and asset-backed securities may involve a high degree of risk and may be highly volatile in response to fluctuations in interest rates and other market conditions. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security or related instrument mentioned in this report.

Any prices stated in this report are for information purposes only and do not represent valuations for individual securities or other instruments. There is no representation that any transaction can or could have been effected at those prices and any prices do not necessarily reflect VACA's internal books and records or theoretical model-based valuations and may be based on certain assumptions. Different assumptions, by VACA or any other source, may yield substantially different results.

VACA makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein. Further, VACA assumes no responsibility to publicly amend, modify or revise any forward-looking statements, on the basis of any subsequent development, information or events, or otherwise.

Neither VACA nor any of its affiliates, directors, employees or agents accepts any liability for any loss or damage arising out of the use of all or any part of this report. In no event shall VACA be liable for any direct, special indirect or consequential damages, or any other damages of any kind, including but not limited to loss of use, loss of profits, or loss of data, whether in an action in contract, tort (including but not limited to negligence), or otherwise, arising out of or in any way connected with the use of this report or the materials contained in, or accessed through, this report.

VACA and its affiliates and/or their officers, directors and employees may have similar or an opposite positions in any securities mentioned in this document (or in any related investment) and may from time to time add to or dispose of any such securities (or investment).

The disclosures contained in the reports produced by VACA shall be strictly governed by and construed in accordance with Indian law. VACA specifically prohibits the redistribution of this material in whole or in part without the written permission of VACA and VACA accepts no liability whatsoever for the actions of third parties in this regard.