AICA KOGYO makes open offer for 26% stake in Stylam at \u20b92,250/share

ICICI Securities Ltd, as Manager to the Open Offer, has submitted the Letter of Offer for Stylam Industries Ltd. AICA KOGYO COMPANY, LIMITED, a Japanese company, is making a cash offer to acquire up to 44,06,496 fully paid-up equity shares of Stylam Industries. This represents 26% of Stylam's voting share capital. The offer price is set at 2,250 per equity share. The open offer is made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and is neither conditional nor a competing offer. Public shareholders, especially NRIs and OCBs, are advised to consult their advisors and obtain necessary approvals if required to tender their shares.