Business Update22 Apr 2024, 04:00 pm
Sumita Mishra Acquires 45.46% of Suncity Synthetics for INR 21.57 Crores
AI Summary
Sumita Mishra, through Swaraj Shares and Securities Pvt Ltd, has acquired 22.48 lakh shares of Suncity Synthetics Ltd from the present promoters for INR 21.57 crores. The transaction is subject to regulatory approvals. Mishra has also announced an open offer to acquire up to 26.00% more shares at INR 7 per share. The Detailed Public Statement for the offer has been published in various newspapers and uploaded on the website.
Key Highlights
- Sumita Mishra acquires 45.46% of Suncity Synthetics for INR 21.57 crores
- Open offer to acquire up to 26.00% more shares at INR 7 per share
- Transaction subject to regulatory approvals
- Detailed Public Statement published in various newspapers and uploaded on the website