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

Srujan Alpha Capital Advisors LLP, acting as the Manager to the Offer, has submitted a Letter of Offer to BSE for public shareholders of Mitshi India Ltd. Mr. Karronn Naresh Bajaj, the Acquirer, intends 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 open offer is being made in compliance with SEBI (SAST) Regulations. The offer is not conditional on minimum acceptance and has no differential pricing. No statutory approvals are currently required, but the offer may be subject to approvals if they become applicable. The tendering period is expected to commence soon, with potential revisions to the offer price or size to be announced.