Heubach Colorants India Limited — Important, 19-03-2025: Updates

Heubach Colorants India Limited has received a draft letter of offer (DLOF) from Sudarshan Europe B.V., which is part of an open offer to acquire up to 60,01,268 equity shares representing 26% of its equity share capital. The offer price is set at INR 602.03 per share, which includes an interest component of INR 23.92. The total consideration for this acquisition could reach approximately INR 361 crores, assuming full acceptance.

This move comes after the indirect acquisition of significant equity positions by the acquirer and its concert parties. The process is structured under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, and no competing offers have been announced. Importantly, the offer is not contingent upon a minimum number of acceptances and will commence on April 30, 2025, closing on May 15, 2025. Public shareholders are encouraged to participate, with a robust framework established to facilitate the tendering process through recognized stock exchanges.

Investors should closely monitor developments, particularly regarding any potential revisions in the offer price or size prior to the tendering period.