Akash Sethi to Acquire 26% Stake in Shree Pacetronix Ltd for INR 9.75 Crores

Akash Sethi, along with Atul Kumar Sethi, Amita Sethi, and Ashish Sethi, has announced an open offer to acquire up to 9,75,000 equity shares of Shree Pacetronix Ltd from public shareholders. This offer represents 26% of the expanded share capital of the company and is priced at INR 100 per share, amounting to a total consideration of INR 9,75,00,000. The offer is in compliance with the SEBI (SAST) Regulations and is not subject to any minimum level of acceptance. The transaction is triggered by a securities subscription agreement between the acquirer and the target company.