Alchemist Corporation Ltd — Updates, 15-04-2025: Company Update

Wallet Circle Technologies Limited has announced a board meeting to discuss the open offer to acquire up to 12,72,133 equity shares of Alchemist Corporation Limited at ₹16 per share, totaling approximately ₹2.03 crore (cr). This offer represents 25.89% of the total voting share capital of the target company and is part of a strategy to gain substantial control over Alchemist. Following the acquisition, Wallet Circle Technologies will become the new promoter, effectively restructuring the ownership. The positive outlook for investors hinges on potential improvements in company governance and operational strategy.