Saffron Capital Advisors Private Limited, a prominent financial services firm, has recently announced an open offer to the public shareholders of Ironwood Education Limited, a company listed on the Bombay Stock Exchange (BSE). The offer, as part of a takeover process, is in compliance with the Securities and Exchange Board of India (SEBI) regulations, specifically under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (commonly known as SEBI SAST Regulations).

The open offer follows the formalities and conditions set by SEBI, and Saffron Capital Advisors has been appointed as the Manager to the Offer by the acquirers. This appointment is in line with Regulation 12(1) of the SEBI SAST Regulations, ensuring that the offer process adheres to regulatory standards and protects the interests of the shareholders involved.

The company has issued a corrigendum letter to the public announcement dated December 03, 2024, as part of the ongoing offer process. This corrigendum provides updated information and clarifications regarding the offer. The letter has been circulated to relevant stakeholders, including the BSE Limited, where the shares of Ironwood Education Limited are listed under the BSE Scrip Code 508918.

The open offer is designed to give existing public shareholders of Ironwood Education Limited the opportunity to sell their shares to the acquirers at an offer price determined under the regulatory framework. The process, under the SEBI SAST Regulations, mandates transparency and fairness, ensuring that shareholders are fully informed and able to make decisions that best serve their interests.

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For further inquiries or clarification, the following contacts are available:

• Saurabh Gaikwad - Manager, Saffron Capital Advisors | Contact Number: +91-22-49730394 | Email: saurabh@saffronadvisor.com
• Satej Darde - Senior Manager, Saffron Capital Advisors | Email: satej@saffronadvisor.com

In the open offer process, Saffron Capital Advisors continues to provide all necessary documentation and compliance details to ensure transparency. The firm requests that the attachments and corrigendum letter be considered as good compliance, and it further requests that the details be disseminated on the official websites of BSE.

This open offer by Saffron Capital Advisors is a significant event for Ironwood Education Limited, and its progress will be closely monitored by stakeholders, including investors, regulatory authorities, and industry observers.

For more information on the latest updates and open offer processes, please refer to Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance Saathi.

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