Piramal Pharma's (PPLPHARMA) stock exemplifies Vaikarya’s strategy of investing in under-discovered, transformative changes across the market caps.

This presentation (the “Presentation”) is being furnished to you by Vaikarya Change LLP (“Vaikarya LLP”) and its authorized agents on a confidential basis for the sole purpose of providing preliminary summary information in respect of Vaikarya LLP and an investment in the proposed AIF (“Proposed Fund”) which is registered as a Category III Alternative Investment Fund (“AIF”) with SEBI. The information contained in this presentation is confidential to the person, company, partnership or other entity to whom it is given (the “Recipient”) and, without the prior written consent of Vaikarya LLP, should neither be disclosed to any other person, company, partnership or other entity (except to the Recipient’s legal counsel and/or other professional advisers), nor copied nor reproduced in whole or in part. This presentation must be returned, along with any supplemental information provided to the Recipient, and any copies destroyed, immediately upon the request of Vaikarya LLP. Each Recipient, by accepting delivery of this presentation, agrees to the foregoing and the terms and conditions set forth below.

 

This presentation is made for informational purposes only and should not be regarded as an official opinion of any kind or a recommendation. This presentation is not, and under no circumstances is it to be construed as, an offering document or an advertisement and the furnishing of this presentation to the recipient is not, and under no circumstances is it to be construed as, an offering (public or otherwise) of interests in the proposed fund. Such offering will be made in due course only by the private placement memorandum and the related subscription documents (the “Fund Documents”) of the proposed fund, which should be read in their entirety, and contain significant additional information about the terms of an investment in the proposed fund. The contents of this presentation should not be treated as advice relating to investment, legal or taxation matters. It is recommended that, the recipient consult their stockbroker, banker, legal adviser and other professional advisers to understand the contents of this presentation.

 

The statements in this presentation are not intended to be complete or final and are qualified in their entirety by reference to the Fund Documents. The information and statistical data contained in this presentation is proprietary or extracted from publicly available information or is obtained from sources believed to be reliable but in no way warrants to its accuracy or completeness. In the event that any statements or terms described herein are inconsistent with or contrary to any statements in or terms of the Fund Documents, the Fund Documents will prevail. Any investment which you may eventually make in the Proposed Fund will be in reliance on the Fund Documents only and not in reliance on any statements or projections contained in this presentation or any other information provided to you (orally or in writing) by Vaikarya LLP or any other person. No offer to purchase interests in the Proposed Fund will be accepted prior to the receipt by the recipient of each of the Fund Documents.

 

This presentation is subject to verification or amendment without notice. None of Vaikarya LLP, its affiliates or any of their respective directors, officers, employees, partners, members, agents, professional advisers, representatives or consultants: (a) makes any representation or warranty, express or implied, as to the accuracy, completeness or currency of the information contained in this presentation; or (b) undertakes to provide any additional information or updates, or to correct any information which is incorrect or incomplete at the date of this presentation or which subsequently becomes incorrect or incomplete due to subsequent events, and they will not be liable whatsoever with respect to any use or reliance upon any of the information contained in this presentation.

 

The recipient is cautioned not to rely on any historical performances set forth in this presentation in making a decision as to whether or not to make an investment in the proposed fund. In considering any prior performance data or performance targets contained herein, the recipient should bear in mind that past, estimated or targeted performance is not indicative of future results. Any future investments will be made in different economic conditions than those prevailing in the past. Thus, no guarantee is made that the same types or diversity of investment opportunities will be available in the future or that any future results will be comparable to those achieved in the past by any fund managed or advised by Vaikarya LLP and/or its affiliates. This presentation has generic information about Vaikarya LLP which may or may not be relevant to any specific fund.

 

Participation in the proposed fund is subject to substantial risks, including the risk that the entire amount invested may be lost. There is no guarantee that any investor will realise any particular rate of return on, or will receive the return of, its invested capital. Returns are dependent on prevalent market factors, liquidity and other conditions. The aimed returns mentioned anywhere in this presentation are estimated on a pre-tax basis unless specified otherwise, purely indicative and are not promised or guaranteed in any manner. Instrument returns depicted are in the current context and may be significantly different in the future. Any projections, forecasts and estimates contained in this presentation are necessarily speculative in nature and are based upon certain assumptions. It can be expected that some or all of such assumptions will not materialize or will vary significantly from actual results. All projections, forecasts or “forward-looking statements” relating to expectations regarding future events or the possible future performance of the funds contained in this presentation are those of Vaikarya LLP only and represent Vaikarya LLP’s own assessment and interpretation of information available to it as at the date of this presentation and are subject to change without notice as a result of known and unknown risks, uncertainties and other factors which may cause actual results or eventualities to be materially different from those contemplated in such statements.

 

References to past organizations are shared only from the manager’s point of view and should not be regarded as an endorsement by such organization of the manager or the strategy of the fund. Representative results have been compiled based on the key stock picks of the manager's career at various firms. Please note that the manager followed a very concentrated and long-duration approach to investing. Returns and time horizon are approximations provided by the manager.

 

The recipient should not treat the contents of this presentation or any prior, or subsequent, communications from Vaikarya LLP, any of its affiliates or any of their respective directors, officers, employees, partners, members, agents, professional advisers, representatives and/or consultants as advice relating to legal, taxation or investment matters and are advised to consult their own professional advisers concerning the acquisition, holding or disposal of interests in the proposed fund.