TIDE WATER OIL (INDIA) LTD. - Updates on Open Offer

SBI Capital Markets Ltd ("Manager to the Open Offer) has submitted to BSE a Copy of Public Announcement regarding Open Offer for acquisition of up to 2,26,512 equity shares of Tide Water Oil Company (India) Limited (Target Company), from the Shareholders (as defined below) of the Target Company by Standard Greases and Specialities Pvt. Ltd. (Acquirer) together with Janus Consolidated Finance Pvt. Ltd. (PAC 1 / Janus), Alpha TC Holdings Pte Ltd. (PAC 2 / Alpha) and Tata Capital Growth Fund I (PAC 3 / TCGF), (collectively the PAC) as the persons acting in concert with the Acquirer (Offer / Open Offer).