FRONTIER CAPITAL : OPEN OFFER FOR 26% STAKE WORTH RS 4.45 CR

• Acquirers Mr Prafful Agarwal and Mrs Anupam Gupta to buy up to 43,58,163 shares or 26% at ₹10.20/share • Open offer maximum consideration ~₹4.45 Cr assuming full acceptance • Acquirers separately agreed to buy 93,98,455 shares or 56.07% from promoters at ₹10/share for ~₹9.40 Cr • Post-offer holding seen at 82.07% assuming full acceptance, above 75% threshold; acquirers to meet public shareholding norms • Target is an RBI-registered NBFC; prior RBI approval required for change in control

Frontier Capital Ltd

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