Acquisitions11 Dec 2025, 06:23 pm
Frontier Warehousing to Acquire 26% Stake in Kesoram Industries for ₹44.26 Crore
AI Summary
Frontier Warehousing Limited has issued a public announcement for an open offer to acquire up to 8,07,72,609 equity shares of Kesoram Industries Ltd, representing 26.00% of the Voting Share Capital. The offer is made at a price of ₹25.48 per share, amounting to a total consideration of ₹44,26,33,848.00. This offer is in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The offer is a result of a Share Purchase Agreement (SPA) between Frontier and certain members of the Promoter/Promoter Group of Kesoram Industries Ltd.
Key Highlights
- Frontier Warehousing to acquire 26.00% stake in Kesoram Industries
- Open offer made at ₹25.48 per share
- Total consideration of ₹44,26,33,848.00
- Acquisition triggered by a Share Purchase Agreement (SPA)
- Frontier does not intend to delist Kesoram Industries post-acquisition