Devinsu Trading: IDC Recommends Open Offer Price of ₹355/Share

The Independent Directors Committee (IDC) of Devinsu Trading Limited has submitted its recommendations to the BSE regarding an open offer to public shareholders. The offer, made by acquirers Mr. Jaison Vijay Shah, Mr. Mukesh Kumar Bothra, and Yora Gems & Jewellery Private Limited, proposes to acquire up to 1,52,880 equity shares at ₹355.00 per share, representing 26.00% of the voting share capital. The IDC, comprising independent directors who hold no equity in the company and have no conflicting relationships, has reviewed the Public Announcement, Detailed Public Statement, and Letter of Offer. They have unanimously concluded that the offer price of ₹355.00 per share is fair, reasonable, and in compliance with SEBI (SAST) Regulations, 2011. The recommendations were published in Business Standard.