Raman Talwar and Kaushik Waghela made an offer to acquire 26% stake in Transpact Enterprises Limited (BSE:542765) for INR 14.1 million on March 24, 2023. Under the offer, Raman Talwar and Kaushik Waghela will acquire 1,00,550 shares in Transpact Enterprises Limited at a price of INR 140 per share. The acquisition will be financed through internal resources and no funds are borrowed from banks or financial institution for the purpose of the offer.

The offer is not conditional upon any minimum level of acceptance The offer is expected to expire on June 1, 2023. As per revised schedule, offer will open on June 16, 2023 and is expected to close on June 30, 2023. Deepak Biyan and Gaurav Sanghani of Aryaman Financial Services Limited (BSE:530245) acted as manager to the offer and Sreepriya K of Cameo Corporate Services Limited acted as registrar to the offer for Raman Talwar and Kaushik Waghela.