Acquisitions30 Mar 2026, 03:28 pm
Swarnsarita Jewels India Ltd: Independent Directors Committee Recommends Fair and Reasonable Open Offer Price of ₹32.15 per Equity Share
AI Summary
The Committee of Independent Directors (IDC) of Swarnsarita Jewels India Ltd has recommended the open offer price of ₹32.15 per equity share for acquisition by Acquirers and PAC, as fair and reasonable under Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments. The IDC, comprising Deep Shailesh Lakhani, Dhruvin Bharat Shah, and Umang Mitul Mehta, have not traded in the Target Company or PAC's equity shares or securities in the specified periods and have no relationships with the Acquirers and PAC.
Key Highlights
- Swarnsarita Jewels India Ltd Independent Directors Committee recommends open offer price of ₹32.15 per equity share
- Acquirers and PAC to acquire up to 47,94,987 fully paid-up equity shares, representing 22.97% of the Voting Share Capital
- IDC members are Independent Directors with no equity holding in the Target Company, and no relationships with the Acquirers, PAC, or the Target Company
- IDC members have not traded in the Target Company or PAC's equity shares or securities in the specified periods
- The IDC considers the Offer Price to be fair and reasonable under SEBI (SAST) Regulations, 2011 and subsequent amendments