Acquisitions13 May 2025, 07:21 pm
Bonanza Portfolio Ltd Announces Open Offer for Acquisition of 26.00% Stake in Indian Link Chain Manufactures Ltd
AI Summary
Bonanza Portfolio Ltd, as the Manager to the Offer, has announced an open offer for the acquisition of up to 7,93,000 equity shares, representing 26.00% of the emerging equity and voting share capital of Indian Link Chain Manufactures Ltd. The offer is made by Mr. Rajendra Kamalakant Chodankar at a price of ₹ 71.00 per equity share, in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Key Highlights
- Bonanza Portfolio Ltd appointed as the Manager to the Offer
- Open offer for acquisition of up to 7,93,000 equity shares
- 26.00% stake of the emerging equity and voting share capital of Indian Link Chain Manufactures Ltd
- Offer price of ₹ 71.00 per equity share
- Compliance with Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011