And the serpents appropriated the poison that sprang from the Milky-sea. And then arose the divine Dhanwantari; clad in white raiment, bearing a Kamandalu filled with nectar. And thereat, O Maitreya, all the Daityas' sons and the Dānavas, along with the ascetics, felt delighted. And then from the water arose the exalted Sri, endowed with excellent grace,—seated on a blown lotus, and carrying also a lotus in her hand.

In plain words: The serpents took the poison that came up from the ocean. Then Dhanvantari, the divine healer, rose dressed in white, carrying a water pot full of amrita, and everyone was overjoyed. Then the goddess Sri (Lakshmi, goddess of fortune) rose, sitting on an open lotus and holding a lotus.