Synthiko Foils Ltd — Updates, 01-01-1970: Company Update

Synthiko Foils Limited has an open offer for acquisition of up to 4.52 lakh equity shares (26% stake) at a price of ₹134.12 per share by Mr. Abhishek Narbaria, following a Share Purchase Agreement to acquire 52.28% of the company’s equity from existing promoters for ₹11.18 Cr. The acquirers will gain control and become the new promoters. The offer consideration totals ₹6.07 Cr, payable in cash. The acquirers plan to retain the company’s listing on BSE and have confirmed sufficient financial resources for the offer.