Niraj Cement Independent Directors Recommend Open Offer

Niraj Cement Structurals Ltd has received the 'Recommendations of the Committee of Independent Directors' regarding an open offer. The committee, comprising independent directors, has reviewed the offer to acquire up to 1,55,20,529 Equity Shares (26% of total equity) at ₹29.00 per share. The committee deems the offer fair and reasonable, citing the offer price justification based on Share Purchase Agreements, the frequent trading of shares, and the offer price being higher than the 60-day volume-weighted average market price. Shareholders are advised to independently evaluate the offer.