Midland Polymers: Open Offer for 26% Equity at ₹10/Share

Navigant Corporate Advisors, the manager to the offer, submitted a Letter of Offer to BSE for the equity shareholders of Midland Polymers Ltd. The offer is for the acquisition of up to 97,50,000 equity shares, representing 26% of the expanded equity and voting share capital, at a price of ₹10 per share. The acquirers include Mrs. Gayathri Boreddy, Mr. Jagannath Edla, Mr. Radha Krishna Avudari, Mr. Mahammad Amaan Shaik, and Mr. Ravi Kiran Veeramalla. This open offer is pursuant to SEBI regulations and is not conditional upon any minimum level of acceptance.