Devinsu Trading: Open Offer for 26% Stake at ₹355 Per Share

Mark Corporate Advisors Pvt Ltd, acting as the Manager to the Offer, has submitted a Letter of Offer to the public shareholders of Devinsu Trading Ltd. The open offer is being made by Mr. Jaison Vijay Shah, Mr. Mukesh Kumar Bothra, and Yora Gems & Jewellery Private Limited to acquire up to 1,52,880 equity shares, representing 26.00% of the voting share capital. The offer price is ₹355.00 per equity share, payable in cash, in accordance with SEBI (SAST) Regulations, 2011. This offer is made pursuant to Regulations 3(1) and 4 of SEBI (SAST) Regulations, 2011, is not conditional, and not a competing offer. The acquirers may withdraw the offer under Regulation 23(1) and the offer price may be revised upwards under Regulation 18(4).