Onix Renewable to Acquire 19.28% Stake in Sarda Proteins for Rs. 115 per Share

Onix Renewable Limited, formerly known as Onix Structure Private Limited, through its appointed Manager Grow House Wealth Management Pvt Ltd, has announced an Open Offer for acquisition of up to 17,30,400 fully paid-up equity shares of Sarda Proteins Ltd, representing 19.28% of the company's emerging voting share capital on a fully diluted basis. The Offer Price is set at Rs. 115.00 per Equity Share. The Offer is triggered in compliance with the provisions of Regulations 3 (1), and 4 of the SEBI (SAST) Regulations, pursuant to the proposed Conversion of warrant into Equity Shares of 72,50,000 fully paid-up Equity Shares on preferential basis.