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Saffron Capital Advisors informs about Updates on Open Offer

21 Jul 2015 Evaluate

Saffron Capital Advisors (‘Manager to the Offer’), for and on behalf of the Rakesh Jain (Acquirer) has submitted a copy of SEBI Observation letter dated July 17, 2015 pursuant to which the schedule of activities mentioned earlier in the Draft Letter of Offer (related to open offer to the shareholders of Parnami Credits (Target Company) has to be revised . The revised schedule of activities is attached.

The above information is a part of company’s filings submitted to BSE.