Acquisitions24 Jul 2025, 08:34 am
Roadway Solutions India Infra Limited to Acquire 25.02% Stake in Soma Textiles & Industries Ltd for INR 47.14 per Share
AI Summary
Roadway Solutions India Infra Limited, along with PACs, is making an open offer for acquisition of up to 82,64,942 Equity Shares of Soma Textiles & Industries Ltd, representing 25.02% of the voting share capital, at an offer price of INR 47.14 per Equity Share, payable in cash. The offer is not subject to minimum level of acceptance by the Public Shareholders of the Target Company and is not a conditional offer. The procedure for acceptance is set out in the Draft Letter of Offer.
Key Highlights
- Roadway Solutions India Infra Limited to acquire 25.02% stake in Soma Textiles & Industries Ltd
- Offer price set at INR 47.14 per Equity Share
- Payment to be made in cash
- Not subject to minimum level of acceptance by Public Shareholders
- Not a conditional offer