MoU19 Jun 2024, 11:50 pm
Plutus Investments to Acquire 53.90% Stake in Windsor Machines for INR 350 Crore
AI Summary
Plutus Investments and Holding Private Limited has entered into a Share Purchase Agreement with Castle Equipments Private Limited, the promoter of Windsor Machines Ltd., to acquire 3,50,00,000 equity shares, representing 53.90% of the paid-up share capital, at INR 100 per share. This acquisition triggers an open offer under SEBI (SAST) Regulations, 2011. The public announcement for the open offer was made on June 19, 2024.
Key Highlights
- Plutus Investments to acquire 53.90% stake in Windsor Machines Ltd.
- Acquisition worth INR 350 Crore at INR 100 per share.
- Share Purchase Agreement signed on June 18, 2024.
- Open offer to be made to shareholders under SEBI (SAST) Regulations, 2011.
- Public Announcement made on June 19, 2024.