Federal-Mogul Goetze (India) Limited. — Important, 18-02-2025: General Updates

The ongoing open offer for the acquisition of Federal-Mogul Goetze (India) Limited by Pegasus Holdings III, LLC and its associated parties continues to face regulatory hurdles. The Securities and Exchange Board of India has filed an appeal with the Hon'ble Supreme Court of India concerning a judgement from the Securities Appellate Tribunal dated December 20, 2024. Investors should monitor this situation closely, as any developments from the Supreme Court could significantly influence the timeline and conditions of the open offer, potentially impacting shareholder value and the company's strategic direction.