Virgo Global has informed that the Committee of Independent Directors at its meeting held on today discussed, analysed and reviewed that the open offer given by Acquirer pursuant to Public Announcement dated 22nd October, 2018, Detailed Public Statement dated 29th October, 2018 and about Letter of Offer dated 26th December, 2018. The Committee of Independent Directors has concluded that open offer is fair and reasonable.
The above information is a part of company's filings submitted to BSE.