Lippi Systems: Open Offer for 25.05% Stake at ₹56.84/Share

Vivro Financial Services Private Limited, acting as the Manager to the Offer, has submitted a Letter of Offer to BSE for the public shareholders of Lippi Systems Limited. This pertains to an open offer by Vinesh Shivji Dholu and four other acquirers to acquire up to 33,82,231 equity shares, representing the entire public shareholding of 25.05% in Lippi Systems. The offer price is set at ₹56.84 per equity share, payable in cash. The acquisition is in compliance with SEBI (SAST) Regulations and is not conditional on a minimum acceptance level. The offer aims to acquire the entire public shareholding.