RR MetalMakers: Independent Directors Recommend Open Offer

RR MetalMakers India Ltd has announced that its Committee of Independent Directors has recommended an open offer for the acquisition of up to 23,42,295 equity shares, representing 26.00% of the company's equity share capital. The offer price is set at ₹36.83 per equity share, which includes compensatory interest of ₹12.98 per share. The total consideration for the open offer amounts to ₹8,62,66,724.85. The acquirers are RB International Holdings Limited, Suyog Yogesh Desai, and Nikita Suyog Desai. The Committee has opined that the offer price appears fair and reasonable, but advises public shareholders to independently evaluate the offer.