Sarda Proteins Ltd Receives Open Offer from Onix Renewable Limited for 19.28% Stake

Sarda Proteins Ltd has received an open offer from Onix Renewable Limited (formerly known as Onix Structure Private Limited) along with Divyesh Mansukhbhai Savaliya and Piyush Mansukhbhai Savaliya for the acquisition of up to 17,30,400 fully paid-up equity shares, representing 19.28% of the emerging voting share capital of Sarda Proteins Ltd on a fully diluted basis. The offer price is set at Rs. 115.00 per equity share. This offer is being made pursuant to and in compliance with Regulations 3(1) and 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011.