Kkalpana Plastick: Open Offer for 26% Stake at ₹28/Share

VC Corporate Advisors Pvt Ltd, acting as Manager to the Offer, has submitted a Draft Letter of Offer to the public shareholders of Kkalpana Plastick Ltd (KPL). The offer is for the acquisition of up to 14,37,420 equity shares, representing 26.00% of the total paid-up equity and voting share capital, at a price of ₹28 per share. This open offer is being made by Mr. Ashish Begwani, the Acquirer, pursuant to SEBI (SAST) Regulations for substantial acquisition of shares accompanied by a change in control and management of KPL. The Draft Letter of Offer has been dispatched to SEBI. The offer is not conditional upon any minimum level of acceptance.