Open Offer8 Jun 2026, 08:04 pm
Sarda Proteins: IDC Recommends Open Offer to Public Shareholders
AI Summary
The Independent Directors Committee (IDC) of Sarda Proteins Ltd has submitted its recommendations to the BSE regarding the open offer made by M/s Onix Renewable Limited and associated Persons Acting in Concert (PACs) to public shareholders. The offer aims to acquire up to 17,30,400 equity shares, representing 19.28% of the company's emerging voting share capital, at an offer price of ₹115 per share. The IDC's recommendations, published in various newspapers, will guide public shareholders on the offer's fairness and reasonableness. This filing is a crucial step in the open offer process, providing an independent assessment.
Key Highlights
- IDC submitted recommendations on Sarda Proteins open offer.
- Open offer by Onix Renewable to acquire 19.28% stake.
- Offer price set at ₹115 per equity share.
- Recommendations published in national and regional newspapers.
- Independent assessment for public shareholders' consideration.