Kuber Udyog: Independent Directors Recommend Open Offer

The Committee of Independent Directors (IDC) of Kuber Udyog Limited has recommended the open offer made by Mr. Manav Bahri, Mr. Dinesh Popli, and Mr. Ajay Dutta, along with Trimudra Trade & Holdings Private Limited and Ms. Shraddha Gohil. The offer is to acquire 3,19,71,680 equity shares, representing 26.00% of the fully diluted share capital, at a price of ₹23.35 per share. The IDC, after due consideration and evaluation of the offer documents and valuation reports, has deemed the offer fair and reasonable. Shareholders are advised to independently assess the offer price against market prices before making a decision.