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Open Offer7 Jan 2026, 01:33 pm

Acquirers Announce Open Offer for 26% Stake in Glittek Granites Limited

AI Summary

Vivro Financial Services Private Limited, acting on behalf of Acquirers and Rawmin Mining and Industries Private Limited (PAC), has issued a Public Announcement for an Open Offer to acquire up to 67,50,000 equity shares of Glittek Granites Limited from public shareholders. The offer price is set at = 12.65/- (Rupees Twelve and Paise Sixty Five Only) per share, with a total consideration of = 8,53,87,500/- (Rupees Eight Crore Fifty Three Lakhs Eighty Seven Thousand Five Hundred Only) assuming full acceptance. The offer is a triggered offer, pursuant to the execution of a Direct Share Purchase Agreement dated January 6, 2026, and is not subject to any minimum level of acceptance.

Key Highlights

  • Open Offer for 26% stake in Glittek Granites Limited
  • Offer price set at = 12.65/- (Rupees Twelve and Paise Sixty Five Only) per share
  • Total consideration of = 8,53,87,500/- (Rupees Eight Crore Fifty Three Lakhs Eighty Seven Thousand Five Hundred Only)
  • Not subject to any minimum level of acceptance
  • Pursuant to the execution of a Direct Share Purchase Agreement dated January 6, 2026
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GLITTEK GRANITES LTD.

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