Acquisitions6 Feb 2026, 02:47 pm
Kalpesh Naginbhai Patel and Vandana Patel to Acquire up to 26.00% Stake in Western Ministil Ltd
AI Summary
Kalpesh Naginbhai Patel and Vandana Patel, through an open offer, aim to acquire up to 26.00% of the expanded equity and voting share capital of Western Ministil Ltd (WML). The offer is not conditional upon any minimum level of acceptance and is not a competing offer. The offer opens on Wednesday, February 18, 2026, and closes on Thursday, March 05, 2026. The risk factors include the possibility of delay in payment consideration due to non-receipt of statutory approvals.
Key Highlights
- Kalpesh Naginbhai Patel and Vandana Patel to acquire up to 26.00% stake in Western Ministil Ltd
- The offer is not conditional upon any minimum level of acceptance
- No competing offer or revision of Offer Price as on date of this Letter of Offer
- Shares held by persons other than the promoters during the open offer period which are under lock-in, are not permitted to be tendered in the open offer
- Payment of consideration for the acquired shares on 20.03.2026