Bijoy Hans Ltd — Updates, 01-01-1970: Company Update

Bijoy Hans Limited’s acquirers, including U G Patwardhan Services Pvt Ltd and others, have announced an Open Offer to acquire up to 19,50,010 shares (26% of expanded voting capital) from public shareholders at ₹12.50 per share, totaling a maximum payment of ₹324.38 Cr. This follows their agreement to purchase 2,04,800 shares (2.73%) from promoters for ₹24.38 Cr and plans for a preferential issue of 45,00,000 shares (60%) at the same price, amounting to ₹562.5 Cr to be infused into the company. This capital increase aims to strengthen the company’s financial base and supports their expanded control strategy.