Jai Mata Glass: Open Offer for 26% Stake at ₹1.85 Per Share

Corporate Professionals Capital Pvt Ltd, acting as the Manager to the Offer, has submitted a Detailed Public Statement regarding an open offer for Jai Mata Glass Ltd. The offer is made by Mr. Ashwani Gulati, Ms. Kiran Gulati, and M/s Veerasha Trust to acquire up to 2,60,00,000 equity shares, representing 26.00% of the paid-up equity share capital. The acquisition price is set at INR 1.85 per equity share. This open offer is being made pursuant to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The sellers, who are part of the promoter and promoter group, have entered into a Share Purchase Agreement to sell their shares constituting 44.57% of the company's capital.