Navigant Corporate Advisors has informed that it has been appointed as ‘Manager to the Offer’ by Chirag Deepak Dedhia (Acquirer-1), Arvind Awadhnath Sharma (Acquirer-2) and Manisha Arvind Sharma (Acquirer-3) (Acquirer-1, Acquirer-2 and Acquirer-3 hereinafter collectively referred to as ‘the Acquirers’) for acquiring up to 1,82,000 equity shares of Rs. 10/- each of Sindu Valley Technologies (‘Target Company’) representing 26.00% of the fully paid -up equity and voting share capital of the Target Company at a price of Rs 25.00 per Share fully paid-up Equity Share (‘Offer Price’), through Open Offer under Regulation 3 (1) and 4 of SEBI (SAST) Regulations, 2011 (‘the Regulations’) requiring the Public Announcement (‘PA’) in terms of Regulation 13 (1) of the said Regulations. The equity shares of the Target Company are listed on BSE. This Open offer is triggered pursuant to execution of the Share Purchase Agreement dated 07th May, 2024 (‘the SPA’) entered in to between Acquirers with existing promoter of Target Company. Accordingly, it has prepared the PA. The company is requested to upload the enclosed PA on the website in accordance with Regulation 14(1) of the Regulations.
The above information is a part of company’s filings submitted to BSE.
Company Name | CMP |
---|---|
Bajaj Finserv | 1578.00 |
Paul Merchants | 830.00 |
Data Infrastructure | 162.00 |
IIFL Finance | 399.60 |
Embassy Office Parks | 357.99 |
View more.. |