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

Srujan Alpha Capital Advisors LLP, acting as the Manager to the Open Offer, has submitted a Draft Letter of Offer to BSE for the public shareholders of Mitshi India Ltd. Mr. Karronn Naresh Bajaj is making an open offer to acquire up to 22,88,000 equity shares, representing 26% of the total voting share capital, at a price of ₹15 per share. This offer is being made pursuant to SEBI (SAST) Regulations and is not conditional on minimum acceptance. No competing offer has been made as of the filing date, and no statutory approvals are currently required, though the offer may be subject to approvals if they become applicable. The offer price and size can be revised under certain conditions.