Noble Polymers: Open Offer for 26% Stake at ₹5 Per Share

Kunvarji Finstock Private Ltd, acting as the Manager to the Open Offer, has submitted a Letter of Offer to the shareholders of Noble Polymers Ltd. The offer is made by Mr. Mahesh Alabhai Odedra and Mr. Hiren Rambhai Odedra (collectively, the "Acquirers") to acquire up to 22,76,406 equity shares, representing 26.00% of the total expanded voting share capital of Noble Polymers Ltd. The offer price is ₹5 per share, payable in cash. This open offer is being made pursuant to the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, for substantial acquisition of shares and voting rights, accompanied by a change in control and management of the Target Company. The offer is not conditional upon any minimum level of acceptance.