Magnum Ice Cream Co. launches open offer for 26% Kwality Walls at ₹21.33/share

Kotak Mahindra Capital Company Ltd has submitted the Letter of Offer for an Open Offer to the public shareholders of Kwality Wall's (India) Limited. The offer is made by The Magnum Ice Cream Company Holdco 1 Netherlands B.V. along with its PACs, aiming to acquire up to 61,08,93,729 equity shares, representing 26.00% of the target company's voting share capital. The Offer Price is ₹21.33 per equity share, payable in cash. This Open Offer complies with SEBI (SAST) Regulations, 2011, is not conditional on minimum acceptance, and is not a competing offer. The Acquirer and PACs reserve the right to revise the Offer Price or Offer Size before the tendering period.