1. Lava International Limited is exploring options for undertaking an initial public offering of its Equity Shares, subject to market conditions, regulatory approvals, consents and applicable law and other considerations.
2. The Offer may be undertaken by the Company at an appropriate time in consultation with the book running lead managers and other advisors appointed for the Offer. The Offer is likely to include a Fresh Issue and may include an Offer for Sale by existing shareholders of the Company subject to inter alia, such shareholders holding eligible Equity Shares as per the applicable laws.
3. In this connection Company has sent an invitation letter to all the eligible shareholders to provide them an opportunity to participate in the Offer for Sale.