Acquisitions10 Jul 2025, 08:20 am
Roadway Solutions India Infra Limited to Acquire 25.02% Stake in Soma Textiles & Industries Ltd for INR 38,96,09,365.88
AI Summary
Roadway Solutions India Infra Limited, along with Ameet Harjinder Gadhoke and Teja Ranade Gadhoke, 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. The offer size is INR 38,96,09,365.88, subject to relevant conditions and terms. This offer is a mandatory open offer made in compliance with Regulations 3(1), and 4 of the SEBI (SAST) Regulations.
Key Highlights
- Roadway Solutions India Infra Limited to acquire 25.02% stake in Soma Textiles & Industries Ltd
- Offer size is INR 38,96,09,365.88
- Mandatory open offer made in compliance with SEBI (SAST) Regulations
- Acquirer and PACs to acquire control over the Target Company
- Acquirer and PACs to become the 'promoters' of the Target Company