Source Industries (India) Ltd — Updates, 01-01-1970: Company Update

Acquirers including Mr. Sudhir Reddy Posireddy and others have completed an open offer to acquire up to 29.82% stake in Source Industries (India) Limited at ₹4.50 per share. They tendered and accepted 29.38 lakh shares, resulting in a total holding of 63.21% post-offer, up from 24.41% earlier. The offer size was approximately ₹13.22 million. This significant increase in promoter stake strengthens control and could impact future strategic decisions, providing shareholders clarity on ownership consolidation.