Jay Kailash Namkeen: Amar Pramod Talwar Launches Open Offer for 26% Stake

Gretex Corporate Services Ltd, acting as Manager to the Offer, has announced an open offer on behalf of Mr. Amar Pramod Talwar to acquire up to 21,76,540 equity shares of Jay Kailash Namkeen Limited. This represents 26.00% of the emerging expanded fully diluted voting equity share capital. The offer price is ₹56 per equity share, with a total potential consideration of up to ₹12,18,86,240. The open offer is made pursuant to SEBI (SAST) Regulations, 2011, following a preferential allotment agreement where Mr. Talwar will acquire 40.31% of the expanded share capital through a share swap involving Vayuveer Solutions Private Limited.