Adarsh Mercantile has informed that it has been appointed as ‘Manager to the Offer’ by Ajay Jaiswal (Acquirer-1), Vishal Jaiswal (Acquirer-2), Ashok Jaiswal (Acquirer-3), Poonam Jaiswal (Acquirer-4), Niharika Jaiswal (Acquirer-5) and Shikha Jaiswal (Acquirer-6) (Acquirer-1, Acquirer-2, Acquirer-3, Acquirer-4, Acquirer-5 and Acquirer-6 hereinafter collectively referred to as the ‘Acquirers’) for acquiring up to 42,95,200 equity shares of Rs 10 each of Adarsh Mercantile (‘Target Company’) representing 26.00% of the emerging equity and voting share capital of the Target Company at a price of Rs 42 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’). As per Regulation 13 (4) & 14 (3) of SEBI (SAST) Regulations, 2011, the Detailed Public Statement (DPS) has been published on 10th February, 2025.
The above information is a part of company’s filings submitted to BSE.
