Sangam Renewables Limited – Buyback

Open Offer by Waaree Energies Limited (Acquirer) to the Shareholder/s of Sangam Renewables Limited (Target Company). formerly known as Sangam Advisors Limited, to acquire up to 54,12,700 fully paid equity shares of the Target Company, of face value of Rs. 10/- each, representing 26% of the emerging voting share capital of the Target Company on fully diluted basis, as of the tenth working day from closure of the tendering period of the open offer (Voting Share Capital) from the eligible shareholders of the Target Company, for a cash at a price of Rs 18.50 per equity share (Offer Price) pursuant to Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SEBI (SAST) Regulations”) from May 06, 2019 to May 17, 2019.

Every day cut-off: 4.00 pm

Last day cut-off: 11.30 am