Maruti Securities has informed that it has been appointed as ‘Manager to the Offer’ by Rama Swamy Reddy Pedinekaluva (Acquirer-1) and Narsing Balwanth Singh (Acquirer-2) (Acquirer-1 and Acquirer-2 hereinafter collectively referred to as the Acquirers) for acquiring up to 13,00,078 equity shares of Rs 10 each of Maruti Securities representing 26% of the fully paid -up equity and voting share capital of the Target Company at a price of Rs 8.50 per Share fully paid-up Equity Share (‘Offer Price’), through Open Offer under Regulation 3(1) and 4 of SEBI (SAST) Regulations, 2011 (‘the Regulations’) requiring the Public Announcement (‘PA’) in terms of Regulation 13 (1) of the said Regulations. As per Regulation 13 (4) & 14 (3) of SEBI (SAST) Regulations, 2011, the Detailed Public Statement (DPS) has been published on 30th September, 2024. A copy of the DPS is attached. Also submitted a Soft Copy of the same in PDF format.
The above information is a part of company’s filings submitted to BSE.
