Tdl Real Estate Holdings Ltd. made an offer to acquire remaining 55.11% stake in TCI Developers Limited (BSE:533393) from public shareholders for INR 820 million on June 8, 2022. Consequently, Tdl Real Estate will launch to voluntarily delist the Equity Shares from the stock exchanges where the Equity Shares are presently listed namely, BSE Limited and National Stock Exchange of India Limited, by making a delisting offer in accordance with the Delisting Regulations. Tdl Real Estate hereby confirms that it has made firm financial arrangements for fulfilling the payment obligations under the delisting offer and it is able to implement the delisting offer. The transaction will be conditional upon, TCI Developers board approving the delisting proposal in accordance with Regulation 10 of the Delisting Regulations, the approval of the shareholders of TCI Developers, receipt of the approval of the Stock Exchange in accordance with the Delisting Regulations and/or any other statutory/regulatory approvals and third party consents, as may be required, the acceptance by the Tdl Real Estate (and/or other members of the Promoter Group, as the case may be) of the discovered price determined by the reverse book building process in accordance with the Delisting Regulations including other rights and obligations in terms of the Delisting Regulations, the number of Equity Shares being validly tendered in the delisting offer is sufficient enough to result in the delisting offer being successful in accordance with the Delisting Regulations. As of September 14, 2022, the tender offer has commenced.

Amit Wagle and Gaurav Khandelwal of Saffron Capital Advisors Private Limited is acting as manager to the Offer for Tdl Real Estate. Murali Krishna Malapaka of KFin Technologies Limited is acting as transfer agent for Tdl Real Estate.