OTCO International has submitted the Recommendations of the Committee of Independent Directors (IDC) under Regulation 26(7) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (Takeover Regulations) on the Open Offer by Pradeep Kumar Panda (‘Acquirer’) to the Equity Shareholders of Otco International Limited (‘OTCO’ or the ‘Target Company’ or ‘TC’) for the acquisition of 6,74,343 Equity Shares of the Target Company.
The above information is a part of company’s filings submitted to BSE.