- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Himgiri Castings Private Limited, along with four persons acting in concert (PACs), has announced a board meeting to consider an open offer for acquiring up to 23.6 lakh shares (26%) of National Fittings Limited at ₹135 per share, totaling ₹31.88 Cr assuming full acceptance. This follows their agreement to buy 30.9 lakh shares (34.04%) from the existing promoter at ₹130 per share for ₹40.2 Cr, which will transfer control of the company. Post-offer, the Acquirer and PACs could hold up to 60.04% of the equity. They have confirmed adequate funds and no intention to delist the company.