Kaycee Industries has informed that it has enclosed the Recommendation of the Committee of Independent Directors (IDC) on the Open Offer to the shareholders of Kaycee Industries (The Target Company or TC) by Salzer Electronics (Acquirer) for acquiring of 16,503 fully paid up Equity Shares of Rs 100 each, constituting 26% of the Equity Share and Voting Capital of Target Company under Regulation 26(7) of SEBI (Substantial Acquisition of Shares & Takeovers ) Regulations, 2011 and subsequent amendments thereto (the SEBI (SAST) Regulations) duly signed by the Chairman of Committee of Independent Directors.
The above information is a part of company’s filings submitted to BSE.
