Rod Dee Det Auto Company Limited submitted a letter of intent to make a tender offer to acquire Indara Insurance Public Company Limited (SET:INSURE) from a group of investors for THB 350 million on March 26, 2020. Rod Dee Det Auto Company Limited is acquiring 10 million shares of Indara Insurance Public Company Limited at a price of THB 35 per share. The Offer price is THB 35 per share (“Tender Offer Price”). In addition, the shareholders who accept the Tender Offer ("The Offeree") has to pay a fee at 0.25% of the Tender price including 7.00% VAT therefore, the net price that the Offeree will receive be at THB 34.906 per share. The source of fund to be used in the Tender Offer is derived from a financial supporting from Thai Group Holdings Public Company Limited , the parent of Rod Dee Det Auto Company Limited. In this regard, SEG has secured financial supports from Financial Institution, which is credit facility with credit line of approximately THB 7,839.12 million. The deal is approved by Board of Thai Group Houlding Public Company Limited. The Tender Offer will run from April 8, 2020 to May 15, 2020. Jay Capital Advisory Company Limited acted as offer preparer for Rod Dee Det Auto Company Limited. Weerawong, Chinnavat & Peangpanor Ltd. acted as legal advisor for Thai Group Holdings Public Company Limited, parent of Rod Dee Det Auto Company Limited. KTB Securities (Thailand) Public Company Limited acted as tender offer and proxy agent for Indara Insurance Public Company Limited. Advisory Plus Company Limited acted as a financial advisor to Indara Insurance Public Company Limited. Rod Dee Det Auto Company Limited completed the acquisition of 75.06% stake in Indara Insurance Public Company Limited (SET:INSURE) from a group of investors for approximately THB 260 million on May 15, 2020.