Tusaldah Ltd: Open Offer Draft Letter of Offer Submitted

Navigant Corporate Advisors Limited, acting as the Manager to the Open Offer for Tusaldah Ltd (formerly High Street Filatex Limited), has submitted a Draft Letter of Offer to SEBI. The open offer is being made by Mr. Sandeep Agrawal and Mrs. Anupriya Sandeep Agrawal to acquire up to 37,83,000 equity shares, representing 26.00% of the expanded equity share capital, at a price of ₹20 per share. This offer is pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. No statutory approvals are currently required, and it is not a competing offer.