The Acquirers had issued the exit letter of offer dated August 25 2020 to the Residual Public Shareholders of Frontline Securities Limited who did not or were not able to participate in the Reverse Book Building Process or who unsuccessfully tendered their Equity Shares in the Reverse Book Building Process and are currently holding Equity Shares in accordance with Regulation 21 of the SEBI Delisting Regulations (Exit Offer).
The Exit Offer will remain open for a period of one year starting from the Date of Delisting i.e. from August 28 2020 to August 27 2021 (both days inclusive).
Please find enclosed the copy of the said Exit Letter of Offer for your reference and records.
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