Acquisitions11 Mar 2026, 07:43 pm
SFAL Speciality Alloys to Acquire 29.39% Stake in Nilachal Refractories for ₹ 22.00/- per Share
AI Summary
SFAL Speciality Alloys Limited (the ‘Acquirer’) has announced a public announcement to acquire up to 59,83,928 Equity Shares at an offer price of ₹ 22.00/- per share pursuant to and in compliance with Regulation 3(1), 4 and 5A of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and Regulation 8 and other applicable regulation of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021. The acquisition represents 29.39% of the total paid up equity and voting share capital of Nilachal Refractories Limited (the ‘Target Company’).
Key Highlights
- SFAL Speciality Alloys to acquire up to 59,83,928 Equity Shares of Nilachal Refractories Limited
- The offer price is ₹ 22.00/- per share
- The acquisition represents 29.39% of the total paid up equity and voting share capital of Nilachal Refractories Limited
- The acquisition is pursuant to and in compliance with Regulation 3(1), 4 and 5A of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and Regulation 8 and other applicable regulation of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021
- The transaction is subject to necessary approvals and fulfillment of delisting conditions