Nb Footwear has informed that the company has been appointed as ‘Manager to the Offer’ by Nitin Minocha (Acquirer-1) and Copo Holdings (Acquirer-2) (Acquirer-1 and Acquirer-2 hereinafter collectively referred to as ‘the Acquirers’) for acquiring up to 35,10,000 equity shares of Rs 10 each of NB Footwear (Target Company) representing 26.00% of the fully paid -up equity and voting share capital of the Target Company at a price of Rs 7.00 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. As per Regulation 13 (4) & 14 (3) of SEBI (SAST) Regulations, 2011, the Detailed Public Statement (DPS) has been published on 24th July, 2024. A copy of the DPS is attached.
The above information is a part of company’s filings submitted to BSE.
