Acquisitions26 Dec 2025, 05:52 pm
Aica Kogyo Company to Acquire 26% Stake in Stylam Industries for INR 991,46,16,000 through Open Offer
AI Summary
Aica Kogyo Company, Limited (the ‘Acquirer’) is making an open offer for acquisition of up to 44,06,496 Equity Shares of Stylam Industries Limited (the ‘Target Company’), representing 26% of the Voting Share Capital of the Target Company. This offer is pursuant to and in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The open offer price is INR 2,250 per Equity Share, amounting to a total consideration of INR 991,46,16,000 assuming full acceptance.
Key Highlights
- Aica Kogyo Company to acquire up to 44,06,496 Equity Shares of Stylam Industries Limited
- The acquisition represents 26% of the Voting Share Capital of the Target Company
- The open offer price is INR 2,250 per Equity Share
- The total consideration amounts to INR 991,46,16,000 assuming full acceptance
- This offer is pursuant to and in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011