Igarashi Motors India ltd Buyback

All Market Participants are hereby informed that  Open Offer (“Offer”) by Mr. Padmanabhan Mukund (hereinafter referred to as “Acquirer”) along with Agile Electric Sub Assembly Private Limited (hereinafter referred to as “AESAPL / PAC 1”) And Igarashi Motors Sales Private Limited (hereinafter referred to as “IMSPL / PAC 2”) (“PAC 1” and “PAC 2” together referred to as “PACs”) to acquire up to 7,958,196 fully paid-up equity shares of face value of Rs 10 (Rupees Ten) each, representing 26.00% of the of the fully diluted voting share capital of Igarashi Motors India Limited (The “Target Company”) at a price of Rs 809.96 (Rupees Eight Hundred Nine and Paisa Ninety Six only) per Equity Share (the “Offer Price”) payable in cash pursuant to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereof (the “SEBI SAST Regulations” and reference to a particular “Regulation” shall mean the particular regulation framed pursuant to the SEBI SAST Regulations)., from March 20, 2018 to April 04, 2018.