GSB Finance Ltd — Important, 01-01-1970: Company Update

GYR Capital Advisors has been appointed as the new Merchant Banker for the open offer concerning GSB Finance Limited, replacing a previous banker due to a SEBI suspension. Acquirers intend to acquire up to 26.00% of GSB Finance's voting share capital, amounting to 15,60,000 shares, from public shareholders. The offer price is ₹21.44 per share, with a maximum consideration of ₹3.34 Cr. The Independent Directors' assessment on this open offer has been publicly released, providing clarity to shareholders on the offer terms.