Mitshi India: Open Offer for 26% Stake at ₹15/Share

Mitshi India Limited is subject to an open offer initiated by Mr. Karronn Naresh Bajaj, aiming to acquire up to 22,88,000 equity shares, representing 26.00% of the total voting share capital. The offer price is set at ₹15 per fully paid-up equity share. Srujan Alpha Capital Advisors LLP is acting as the Manager to the Offer. The Committee of Independent Directors has recommended the offer as fair and reasonable, in line with SEBI (SAST) Regulations. This is a mandatory offer under SEBI regulations, with no competitive bids received so far. The Letter of Offer was dispatched to eligible shareholders, and the tendering period is ongoing.