PIPAVAV DEFENCE AND OFFSHORE ENG LTD. - Updates on Open Offer

JM Financial Institutional Securities Limited ("Manager to the Open Offer") has submitted to BSE a copy of Announcement regarding Open Offer for acquisition of up to 19,14,13,630 equity shares (Open Offer/ Offer) of Pipavav Defence and Offshore Engineering Company Limited (Target Company) representing 26% of the equity share capital of the Target Company by Reliance Defence Systems Private Limited (the Acquirer) along with Reliance Infrastructure Limited (the PAC).