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Source: SEBI
From the prospectus, ordered by severity. Wording is close to the filing — not softened.
High Degree of Risk
An investment in our Equity Shares involves a high degree of risk.
Business · high
Legal and Regulatory Environment
The company is incorporated under the laws of India and is subject to a legal and regulatory environment which may differ from that of other countries.
Regulatory · medium
What the business leans on, as the filing describes it.