Acquisitions11 Mar 2026, 06:21 pm
Committee of Independent Directors Recommends Open Offer by Parshav Vatika LLP in Lykis Ltd
AI Summary
The Committee of Independent Directors of Lykis Ltd met on March 11, 2026, to discuss, analyze, and review the Open Offer by M/s. Parshav Vatika LLP, along with M/s. K8 Products LLP and M/s. Tidagela Ventures Private Limited, for the acquisition of up to 50,37,541 equity shares, constituting 26% of the total voting share capital. The recommendation was made under Regulation 26(7) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and subsequent amendments. The meeting started at 05:30 PM and concluded at 05:35 PM.
Key Highlights
- Committee of Independent Directors met to discuss the Open Offer by Parshav Vatika LLP and others
- The Open Offer is for the acquisition of 26% of the total voting share capital of Lykis Ltd
- The recommendation was made under SEBI regulations and subsequent amendments
- The meeting was concluded in 5 minutes