Devinsu Trading Ltd — Updates, 01-01-1970: Company Update

Mr. Deniis Desai has announced a board meeting approving the preferential allotment of 80,000 equity shares of Devinsu Trading Limited at ₹350 per share, raising ₹2.8 Cr. He has simultaneously launched an open offer to acquire an additional 1,63,800 shares (26% of the emerging voting capital) at the same price, aggregating to ₹5.73 Cr. Post-transaction, Mr. Desai will control the company and be reclassified as promoter, with the existing promoters moving to public shareholder status. This move signals a significant ownership change and potential strategic shift for shareholders to watch.