iStreet Network Ltd — Updates, 01-01-1970: Company Update

Acquirers Mr. Uttam Ishwar Dave and Mr. Yash Pankaj Kumar Maheshwari have launched an open offer to acquire up to 55.38 lakh equity shares (26%) of iStreet Network Limited at an offer price of ₹3.60 per share, totaling ₹1.99 crore in cash. This follows their agreement to purchase 85 lakh shares (approx. 39.91% stake) from promoters at the same price for ₹3.06 crore. The open offer completion is a significant step toward controlling interest in the company, impacting shareholder composition and ownership structure.