Trio Mercantile: Open Offer Draft Letter of Offer Submitted

Interactive Financial Services Limited, acting as the Manager to the Offer, has submitted a Draft Letter of Offer to the BSE for the public shareholders of Trio Mercantile & Trading Ltd. The offer is an open offer by Mr. Kaushik Joshi and associated parties (PACs) to acquire up to 3,39,68,300 equity shares, representing 50.00% of the total paid-up equity share capital, at a price of ₹1.25 per share. This move is in accordance with SEBI (SAST) Regulations, 2011.