BSL Infrastructure to Acquire 26.00% Stake in P.M. Telelinnks Ltd for INR 6.81 per Share

BSL Infrastructure Limited has entered into a Share Purchase Agreement with Promoter Sellers to acquire 48.03% of the voting share capital of P.M. Telelinnks Limited at a negotiated price of INR 6.20 per Share. Following this, BSL Infrastructure has announced an open offer to acquire up to 26.19 Lakh Equity Shares representing 26.00% of the voting share capital from the public shareholders of P.M. Telelinnks Limited at an offer price of INR 6.81 per Offer Share, payable in cash. The open offer is in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011 and subsequent amendments.