Acquisitions9 Sept 2025, 07:05 pm
Soma Textiles Receives Open Offer from Roadway Solutions India Infra Limited for 25.02% Stake at INR 47.14 per Share
AI Summary
Soma Textiles & Industries Ltd. has received a Letter of Offer from Mefcom Capital Markets Limited, acting as the Manager to the Offer, for an open offer made by Roadway Solutions India Infra Limited, Ameet Harjinder Gadhoke, and Teja Ranade Gadhoke. The offer is for the acquisition of up to 82,64,942 Equity Shares, 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 in accordance with the SEBI (SAST) Regulations and is not subject to minimum level of acceptance or any conditions. The Tendering Period is yet to be announced.
Key Highlights
- Open offer made by Roadway Solutions India Infra Limited, Ameet Harjinder Gadhoke, and Teja Ranade Gadhoke for acquisition of 25.02% stake in Soma Textiles & Industries Ltd.
- Offer price set at INR 47.14 per Equity Share, payable in cash.
- The offer is in accordance with the SEBI (SAST) Regulations.
- Not subject to minimum level of acceptance or any conditions.
- Tendering Period yet to be announced.