Roshan Shah, Anand Devendra Tiwari, Wunnava V Shanker and Mohit Agarwal made an offer to acquire 26% stake in Indergiri Finance Limited (BSE:531505) for INR 13.5 million on March 9, 2022. The Offer Price is payable in cash. Under the terms offer price is INR10.3 Per share. As of September 30, 2022, the offer price has revised to INR10.6 Per share In a related transaction Roshan Shah, Anand Devendra Tiwari, Wunnava V Shanker and Mohit Agarwal agreed to acquire 40.89% stake in Indergiri Finance Limited for INR 19.6 million. Pre acquisition Mohit Agarwal held 15.43% stake in Indergiri Finance Limited. Tender offer will commence from May 24, 2022, and will close on June 7, 2022. Tanmoy Banerjee and Pankita Patel of Capital square Advisors Private Limited acted as manager to the offerors. Link Intime India Pvt. Ltd. acted as a registrar to offeror.

Roshan Shah, Anand Devendra Tiwari, Wunnava V Shanker and Mohit Agarwal completed the acquisition of 3.89% stake in Indergiri Finance Limited (BSE:531505) for INR 2.08 million on June 7, 2022.