Invade Agro Limited to Acquire 26% Stake in Chambal Breweries & Distilleries Ltd for INR 116.82 Crores

Invade Agro Limited, represented by its Managing Director —Ms. Meenal Shrirang Patwardhan, has announced an open offer to acquire up to 19,47,077 fully paid-up Equity Shares of Chambal Breweries And Distilleries Limited, representing 26% of the Equity and Voting Share Capital. The offer is made at a price of INR 6.00 per Equity Share, amounting to a total consideration of INR 116.82 Crores. This offer is being made pursuant to Regulation 4 read with Regulations 13(1) and 15(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 31(A)(5) of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015. The offer is a result of a Share Purchase Agreement between Invade Agro Limited and the Sellers, including Mr. Paras Ram Jhamnani, Mr. Bharat Jnammani, and Mr. Vinod Jhamnani, for the acquisition of 12,03,839 Equity Shares at a price of INR 5.50 per share.