Ajay Brijlal Anand made an offer to acquire 25.08% stake in Faze Three Autofab Limited (BSE:532459) on May 15, 2023. The Acquirer hereby confirms that he has firm financial arrangements for fulfilling the payment obligations. Ajay Brijlal Anand holds 48.27% stake, along with other promoters who hold 26.65% stake in Faze Three Autofab, intends to delist company upon successful tender offer completion.

Transaction is subject to board, Shareholders approval of Faze Three Autofab, and regulatory approvals. Keynote Financial Services Limited acted as a manager to the offer.