Purshottam Kejriwal, Vibhu Kejriwal, Shantanu Purshottam Kejriwal and Kostuv Purshottam Kejriwal made an offer to acquire a 26% stake in Pentokey Organy (India) Limited (BSE:524210) for INR 14.3 million on May 14, 2021. The offerors intend to acquire approximately 1.6 million shares of Pentokey Organy for INR 8.75 per share in cash. As of July 5, 2021, Purshottam Kejriwal, Vibhu Kejriwal, Shantanu Purshottam Kejriwal and Kostuv Purshottam Kejriwal made an offer to acquire a 25.5% stake in Pentokey Organy (India) Limited (BSE:524210) for INR 13.9 million.

Purshottam Kejriwal, Vibhu Kejriwal, Shantanu Purshottam Kejriwal and Kostuv Purshottam Kejriwal will acquire 1.59985 million shares in Pentokey Organy (India) Limited. In a related transaction, Purshottam Kejriwal, Vibhu Kejriwal, Shantanu Purshottam Kejriwal and Kostuv Purshottam Kejriwal signed a share purchase agreement to acquire 63.3% stake in Pentokey Organy (India) Limited from Somaiya Agencies Pvt Ltd, Sakarwadi Trading Co. Pvt.

Ltd. and Godavari Biorefineries Ltd. for INR 31.8 million on May 14, 2021. The offerors have adequate financial resources and made firm financial arrangements for financing of the transaction. The offer will commence on July 7, 2021 and expire on July 20, 2021.

As of June 30, 2021, offer period will commence from July 9, 2021 to July 23, 2021. Amit Wagle and Gaurav Khandelwal of Saffron Capital Advisors Private Limited acted as managers to the offer. Anand Bhilare of Datamatics Business Solutions Ltd acted as registrar to Pentokey Organy.