Swadeshi Industries Leasing Co. has informed that Navigant Corporate Advisors (Manager to the Offer) has submitted a copy of Recommendations of the Committee of Independent Directors (IDC) on the Open Offer to the Shareholders of Swadeshi Industries & Leasing (Target Company) under regulation 26 (7) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (SEBI (SAST) Regulations).
The above information is a part of company’s filings submitted to BSE.