Acquisitions16 Jul 2025, 01:19 pm
Roadway Solutions India Infra Limited to Acquire 25.02% Stake in Soma Textiles & Industries Limited
AI Summary
Roadway Solutions India Infra Limited, along with Ameet Harjinder Gadhoke and Teja Ranade Gadhoke, is making an open offer to acquire up to 82,64,942 Equity Shares of Soma Textiles & Industries Limited, representing 25.02% of the Voting Share Capital. This offer is made in compliance with the SEBI (SAST) Regulations pursuant to the execution of a Share Purchase Agreement for the purchase of 74.98% of the Voting Share Capital from Surendra Kumar Somany, Surendra Kumar Somany HUF, Arvind Kumar Somany, Arvind Kumar Somany HUF, Prasann Arvind Kumar Somany, and Sarvopari Investments Private Limited.
Key Highlights
- Roadway Solutions India Infra Limited to acquire 25.02% stake in Soma Textiles & Industries Limited
- Acquisition triggered by a Share Purchase Agreement with Surendra Kumar Somany and others
- Open offer for 82,64,942 Equity Shares at a price of INR 47.14 per share
- Total consideration of up to INR 38,96,09,365.88
- Completion of the transaction subject to satisfaction or waiver of certain conditions precedent