Acquisitions9 April 2026 at 11:31 am
Jolly Plastic Industries Ltd Receives Open Offer from Bhaum Digital Ventures Private Limited
AI Summary
Jolly Plastic Industries Ltd has received an open offer from Bhaum Digital Ventures Private Limited for the acquisition of up to 63.37,864 Offer Shares, representing 26.00% of the expanded equity and voting share capital. The offer price is 10.00 Rupees per Offer Share, payable in cash, with a maximum consideration of 6,33,78.640 Rupees. This offer is in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011, and is triggered by the execution of a Share Purchase Agreement for the acquisition of all the equity shares of Sahaj Retail Limited.
Key Highlights
- Bhaum Digital Ventures Private Limited has announced an open offer for the acquisition of up to 26.00% of Jolly Plastic Industries Ltd
- The offer price is 10.00 Rupees per Offer Share, with a maximum consideration of 6,33,78.640 Rupees
- The offer is in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011
- The offer is triggered by the execution of a Share Purchase Agreement for the acquisition of all the equity shares of Sahaj Retail Limited
- The Target Company will issue 1,77,00,000 equity shares at a price of 10.00 Rupees per equity share for an aggregate consideration of 17.70,00,000 Rupees to the Acquirer