Open Offer10 April 2026 at 02:41 pm
AICA Kogyo makes open offer for 26% of Stylam at ₹2,250/share
AI Summary
Stylam Industries Ltd has received an open offer from Japan-based AICA KOGYO COMPANY, LIMITED. The offer aims to acquire up to 44,06,496 fully paid-up equity shares, representing 26% of Stylam's voting share capital. The offer price is set at ₹2,250 per equity share. ICICI Securities Ltd has been appointed as the Manager to the Open Offer. The offer is made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and is not a conditional or competing offer. Public shareholders, including NRIs and OCBs, are advised to obtain all necessary approvals to tender their shares.
Key Highlights
- AICA Kogyo offers to acquire 26% of Stylam Industries.
- The open offer price is ₹2,250 per equity share.
- Acquirer targets 44,06,496 equity shares of Stylam.
- ICICI Securities is the Manager to the Open Offer.
- Offer complies with SEBI Takeover Regulations.