Torextron Ventures to Acquire 26% Stake in Mardia Samyoung Capillary Tubes for $790,498

Torextron Ventures Private Limited has announced an open offer to acquire up to 18,09,967 Offer Shares representing 26.00% of the Voting Share Capital of Mardia Samyoung Capillary Tubes Company Limited from its public shareholders. The offer price is 25.00/- per offer share, payable in cash, assuming full acceptance. This offer is triggered in compliance with the provisions of Regulations 3(1) and 4 of the SEBI (SAST) Regulations, pursuant to the execution of the Share Purchase Agreement dated Tuesday, December 17, 2024, wherein the Acquirer has agreed to acquire 48,31,595 Sale Shares, representing 69.41% of the Voting Share Capital of the Target Company from the Selling Promoters Shareholders.