Kenrik Industries: Open Offer for 26% Stake Triggered by Acquirer

VC Corporate Advisors Pvt Ltd, acting as Manager to the Offer, has submitted a Public Announcement regarding an Open Offer for Kenrik Industries Limited (KIL). Darsh Advisory Private Limited, the Acquirer, intends to acquire up to 32,49,454 equity shares, representing 26.00% of KIL's total paid-up equity and voting share capital. This Open Offer is triggered by the Acquirer's prior agreement to purchase 89,99,500 equity shares (72.01%) from the outgoing promoters, including Mr. Nitin Dalpatlal Shah and others. The shares of KIL are listed on the SME Platform of BSE Limited. The Open Offer is being made in compliance with SEBI (SAST) Regulations, 2011.