Aar Shyam India: Open Offer for 26% Stake at ₹15/Share

Turnaround Corporate Advisors Pvt Ltd, acting as Manager to the Offer, has submitted a Draft Letter of Offer to BSE for an open offer to public shareholders of Aar Shyam India Investment Company Ltd. The offer is made by Mr. Radha Krishna Avudari, Mrs. Sudha Rani Avudari, and Mr. Nagabhyru Srikanth to acquire up to 58,43,327 equity shares, representing 26% of the emerging paid-up equity share capital. The offer price is ₹15.00 per equity share, payable in cash. This open offer is being made in compliance with SEBI (SAST) Regulations, 2011, and is not conditional upon a minimum acceptance level or a competing offer. The offer is subject to statutory and other approvals.