Navigant Corporate Advisors Submits Letter of Offer for Simandhar Impex Ltd Shares

Navigant Corporate Advisors Ltd, the Manager to the Offer, has submitted a Letter of Offer to the shareholders of Simandhar Impex Ltd (SIL). The Offer is being made by Farmico International Private Limited, the Acquirer, to acquire up to 7,75,310 Equity shares of Rs. 10/- each, representing 25.36% of the fully paid-up equity and voting share capital of the Target Company at a price of Rs. 30/- per share. The Offer is not conditional upon any minimum level of acceptance by the shareholders of the Target Company and does not require any statutory approvals.