Open Offer21 Apr 2026, 03:54 pm
Aica Kogyo makes open offer for 26% stake in Stylam Industries
AI Summary
ICICI Securities Ltd, as Manager to the Open Offer, has submitted a Pre-Offer Advertisement for an open offer by Aica Kogyo Company, Limited. The offer is to acquire up to 44,06,496 fully paid-up equity shares of Stylam Industries Limited, representing 26% of its Voting Share Capital, from public shareholders. This open offer is in compliance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The pre-offer advertisement and corrigendum were published in various newspapers on April 21, 2026.
Key Highlights
- Aica Kogyo Company, Limited is making an open offer for Stylam Industries.
- The offer is to acquire up to 44,06,496 equity shares of Stylam.
- This represents 26% of Stylam Industries' voting share capital.
- The offer targets public shareholders of Stylam Industries.
- The open offer complies with SEBI (SAST) Regulations, 2011.