Acquisitions20 Mar 2026, 05:11 pm
Navigant Corporate Advisors Submits Letter of Offer for Banganga Paper Industries Ltd
AI Summary
Navigant Corporate Advisors Ltd, the Manager to the Offer, has submitted a Letter of Offer to the Shareholders of Banganga Paper Industries Ltd (Target Company). The Letter of Offer is being submitted to SEBI, Mumbai, and a copy has been provided for shareholders' perusal. The Offer is pursuant to Regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The Offer is not conditional upon any minimum level of acceptance and does not require any statutory approvals. The Offer is for the acquisition of up to 26.00% of the expanded equity and voting share capital of the Target Company at a price of Rs. 1.45/- per share.
Key Highlights
- Navigant Corporate Advisors submits Letter of Offer for Banganga Paper Industries Ltd
- Offer is pursuant to Regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
- Offer is not conditional upon any minimum level of acceptance
- Does not require any statutory approvals
- Offer is for the acquisition of up to 26.00% of the expanded equity and voting share capital of the Target Company at a price of Rs. 1.45/- per share