Nitinbhai Govindbhai Patel, Gitaben Nitinbhai Patel, Kushal Nitinbhai Patel and Pooja Kushal Patel made an offer to acquire 26% stake in YURANUS INFRASTRUCTURE LIMITED for an offer per share of INR 8 on February 24, 2023. In a related transaction, Nitinbhai Govindbhai Patel, Gitaben Nitinbhai Patel, Kushal Nitinbhai Patel and Pooja Kushal Patel have entered into and executed a Share Purchase Agreement to acquire 45.75% stake in YURANUS INFRASTRUCTURE LIMITED for offer per share of INR 8. The acquisition will be financed through internal resources and no funds are borrowed from banks or financial institution for the purpose of this Open Offer. As of February 28, 2023, the tender offer is expected to open on April 12, 2023, and close on April 26, 2023.

As of May 2, 2023, tender offer is expected to open on May 10, 2023, and close on May 23, 2023. As of May 6, 2023, Independent directors committee is of the view that the offer price is fair and reasonable. Beeline Capital Advisors Private Limited acted as financial advisor to buyers.

Rati Gupta of Skyline Financial Services Private Limited acted as a registrar to the buyers.