Indo Tech Transformers has informed that in terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, the Company has received a communication from Shirdi Sai Electricals (Acquirer), dated December 20, 2019, enclosing the public announcement made by the Acquirer for a mandatory open offer for the acquisition of up to 27,24,375 fully paid-up equity shares of the Company, representing 25.65% of the total paid-up equity share capital of the Company.
The above information is a part of company’s filings submitted to BSE.
