CONSOLIDATED ACCOUNTS 435 Particulars Financial assets/ financial liabilities Fair Value Category Fair value Fair value hierarchy Valuation technique(s) Key inputs (for level 2 and level 3) Significant unobservable input(s) for level 3 hierarchy Relationship of unobservable inputs to fair value and sensitivity 2024 2023 6) Investment in equity instruments - Quoted Financial Assets Financial instrument designated at FVTOCI - Non-current 203.11 206.58 Level 1 Quoted bid price in active market — — — Financial instrument designated at FVTOCI - Current 0.02 0.01 Level 1 Quoted bid price in active market — — — Financial instrument designated at FVTPL - Non-current 1,009.78 172.20 Level 1 Quoted bid price in active market — — — 7) Investment in equity instruments - Unquoted Financial Assets Financial instrument designated at FVTOCI - Non-current 41.64 31.28 Level 3 Discounted Cash Flow/ Market Multiple approach For Discounted Cash Flow approach - The discounted cash flow method used to capture the present value of the expected future economic benefits to be derived from the ownership of these investees. The key inputs includes, long term revenue growth rates, long term pre tax operating profit margin, WACC, Discount for lack market for respective equity instrument For Market Multiple approach - In this approach fair value is derived based on market multiples like PE multiple, Enterprise value (EV) multiple, Revenue Multiple, etc. Financial projections including terminal growth rate, operating margins, etc and discount rates to discount future cash flows. Increase or decrease in key assumptions, multiples will result in increase or decrease in valuation. Financial instrument measured at FVTPL - Non-current 78.16 77.71 Level 3 Discounted Cash Flow approach 8) Investments in Infrastructure Investment Trust - Quoted Financial Assets Financial instrument measured at FVTPL - Non-current 360.98 — Level 1 Quoted market price — — — 9) Investment in government securities - Quoted Financial Assets Financial instrument measured at FVTOCI - Non-current 4,012.12 4,326.21 Level 1 Quoted market price — — — Financial instrument measured at FVTOCI - Current 588.95 570.35 Level 1 Quoted market price — — — 10) Investment in mutual funds-Quoted Financial Assets Financial instrument measured at FVTPL - Current 7,821.71 8,672.23 Level 1 Net asset value — — — 11) Investment in alternate investment fund Financial Assets Financial instrument measured at FVTPL - Non-current 27.05 26.24 Level 1 Net asset value — — — 40. Financial Instruments (Continued) Rupees crores
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