Open Offer20 May 2025, 08:11 pm
Addi Industries Ltd: Rajat Goyal, Neha Agarwal & Others to Acquire 25.73% Stake in Open Offer
AI Summary
Rajat Goyal, Neha Agarwal, Rajat Goyal HUF, Sandeep Mittal, Ruchi Mittal, and Sandeep Mittal & Sons HUF have signed a share purchase agreement (SPA) to acquire 74.27% of Addi Industries Limited from existing shareholders. Following this, they are making an open offer to acquire up to 25.73% of the company's total paid-up/voting share capital from public shareholders. The open offer price is Rs. 75.00 per equity share.
Key Highlights
- Acquirers to acquire 74.27% of Addi Industries Limited through SPA
- Open offer for 25.73% stake in Addi Industries Limited at Rs. 75.00 per equity share
- Acquirers do not hold any equity shares of the target company prior to the open offer