SG Finserve Ltd.
BSE: 539199 | NSE: SGFIN
Small Cap | Finance - NBFC
663.65
-1.40 (-0.21%) SG Finserve informs about disclosure
Date: 21-04-2023SG Finserve has informed that it submitted the recommendations of committee of independent directors on the open offer made by Rahul Gupta and Rohan Gupta (hereinafter collectively referred as 'Acquirers') along with Sudesh Business Ventures (hereinafter collectively referred as 'PAC') to acquire up to 1,07,30,980 (One Crore Seven Lakh Thirty Thousand Nine Hundred and Eighty) Equity Shares constituting 26.00% of Paid up Equity Share Capital of the Target Company at a price of INR 107 (Indian Rupees One Hundred and Seven Only) per fully paid up Equity Share payable in cash which includes interest of INR 5.70 (Indian Rupees Five and Seven Zero Paisa Only) at the rate of ten percent (10%) per annum for each equity share of the Target Company, pursuant to, and in compliance with, amongst others, Regulation 3(2) of SEBI (SAST) Regulations, 2011 and subsequent amendments thereto.
The above information is a part of company’s filings submitted to BSE.