Nagarjuna Agri Tech Ltd. to Acquire 26% Equity Shares in Open Offer

VC Corporate Advisors Pvt. Ltd. has submitted a Detailed Public Statement to BSE on behalf of Nagarjuna Agri Tech Ltd. (NATL) to acquire up to 2435966 equity shares of NATL, representing 26% of the total paid-up equity and voting share capital. This decision comes after the Acquirer entered into Share Purchase Agreements with the Outgoing Promoters and two Public Shareholders of NATL, acquiring 60.39% of the total paid-up equity and voting share capital and control of the company. This acquisition triggers the Open Offer under Regulation 3(1) & 4 of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The Public Announcement has already been submitted and the Detailed Public Statement has been published in various newspapers.