Natura Hue Chem: Open Offer for 26% stake at ₹42/share

Fintellectual Corporate Advisors Private Limited, acting as the Manager to the Offer, has submitted a Draft Letter of Offer to BSE for an open offer to the public shareholders of Natura Hue Chem Ltd. Mrs. Kanika Chahal and Mr. Anuj Chahal are making the offer to acquire up to 10,77,778 equity shares, representing 26% of the voting share capital. The offer price is ₹42 per fully paid-up equity share, payable in cash. This open offer is being made pursuant to SEBI (SAST) Regulations, 2011, and is not conditional on minimum acceptance or a competing offer. No statutory approvals are currently required.