SJ Corporation: Open Offer Letter Submitted for 26% Stake Acquisition

Diggi Corporate Advisors Pvt. Ltd., acting as the Manager to the Offer, has submitted a Letter of Offer to the public shareholders of SJ Corporation Ltd. This pertains to an open offer made by Mr. Pintu Kanjibhai Kalavadia, Mr. Prashant Kanjibhai Kalavadia, Mr. Umang Kantilal Savani, and Mr. Kalpesh Patel. They intend to acquire up to 1,12,72,300 equity shares, representing 26.00% of the expanded share capital, at an offer price of ₹12.00 per share. This open offer is being made in compliance with SEBI (SAST) Regulations, 2011, for substantial acquisition of shares and change in control and management of the Target Company. The offer is not conditional on minimum acceptance and has no differential pricing.