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Counter Offer bidding window of Shreyas Shipping delisting starts from 11th October at Rs. 400 per share; closes 17th October 2023 As part of the delisting process, the counter offer bidding period for public shareholders of Shreyas Shipping & Logistics Ltd. (“SSL”) to bid their shares at Rs. 400.00 per share will start from 11th October 2023 and close on 17th October 2023. NovaaOne Capital Pvt. Ltd., a SEBI-registered Merchant Banker, is acting as the Manager to the Offer to Transworld Holdings Limited on the delisting process. The share price of SSL was Rs. 262.00 on May 19, 2023 (pre-delisting announcement), so the counter offer price is at 52.7% premium to pre-announcement share price. The 60-days volume weighted average price; i.e., floor price as per SEBI Delisting Regulations was Rs. 292.00 and hence counter offer price is at 37.0% premium to the floor price. The counter offer price is at 6.7% premium to the 10th October (Tuesday) closing price of Rs. 374.25. The counter offer will be good opportunity for retail and small shareholders to participate and exit as counter offer price is at significant premium to pre-delisting price and current market price. Promoter of SSL Transworld Holdings Ltd ("THL") had announced its intention to voluntarily delist the equity shares of its Indian subsidiary, Shreyas Shipping & Logistics Ltd. (“SSL”) vide Initial Public Announcement dated 21st May 2023. Under applicable Indian laws, SSL can be delisted by acquisition of equity shares of SSL if the same would result in post-offer shareholding of THL and its affiliates in SSL being at least 90.0% of the total equity shares. Currently, THL along with its affiliates holds 70.44% of the paid-up equity share capital of SSL. Pursuant to reverse book building, the post offer public announcement was issued by THL on 28th September 2023 wherein THL had obtained more than 90.0% of the share capital and had decided to make a counter offer at a price of Rs. 400.00. Process of Tendering/Withdrawal during Counter Offer Period: