Acquisitions2 April 2026 at 06:00 am
Open Offer for Acquisition of 26.00% Shares in Banganga Paper Industries Ltd by Acquirers
AI Summary
Navigant Corporate Advisors Ltd, on behalf of Ronak Jain, Sarita Jain, Priyanka Jain, and K K Impex & Trading Private Limited, has submitted a copy of the Offer Opening Public Announcement to the shareholders of Banganga Paper Industries Ltd. The Offer Price is Rs. 1.45/- per equity share payable in cash. The Committee of Independent Directors of the Target Company is of the opinion that the Offer Price is in accordance with the relevant regulations prescribed in the Takeover Code. The completion of dispatch of the Letter of Offer to all the Public Shareholders of Target Company was completed on 24th March, 2026.
Key Highlights
- Open offer for acquisition of 26.00% shares in Banganga Paper Industries Ltd by Acquirers
- Offer Price is Rs. 1.45/- per equity share payable in cash
- Committee of Independent Directors of the Target Company is of the opinion that the Offer Price is in accordance with the relevant regulations
- Completion of dispatch of Letter of Offer to all the Public Shareholders of Target Company was completed on 24th March, 2026