Aar Shyam IDC Approves Open Offer Price of ₹15

The Committee of Independent Directors (IDC) of Aar Shyam India Investment Company Limited has reviewed and approved the open offer made by Mr. Radha Krishna Avudari, Mrs. Sudha Rani Avudari, and Mr. Nagabhyru Srikanth. The acquirers are offering to purchase up to 58,43,327 equity shares, representing 26% of the company's paid-up equity share capital, at a price of ₹15 per share. The IDC has opined that the offer price is in accordance with SEBI SAST Regulations and appears fair and reasonable. This recommendation was unanimously approved by the IDC members and will be published in the same newspapers where the Detailed Public Statement was initially released.