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

Vivro Financial Services Private Limited, on behalf of Acquirers and Rawmin Mining and Industries Private Limited, 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 not subject to any minimum level of acceptance and is a triggered offer in compliance with Regulations 3(1) and 4 of the SEBI (SAST) Regulations.