IIFL Holdings Limited, ('Manager to the Offer'), for and on behalf of the Techwave Pte. Ltd. (?Acquirer?) together with Damodar Rao Gummadapu (?PAC 1?) and K Ramachandra Reddy (?PAC 2?) (collectively the ?PAC?), has informed this Letter of Offer for the attention of the Equity Shareholders of Moschip Semiconductor Technology Ltd ('Target Company').