Antariksh Industries Ltd — Updates, 01-01-1970: Company Update

Mrs. Gitaben Nitinbhai Patel has announced a board meeting to consider an open offer to acquire up to 52,000 equity shares (26%) of Antariksh Industries Limited at Rs. 96 per share, following a Share Purchase Agreement to buy 51.7% stake from existing promoters for Rs. 99.26 lakh. The acquisition will give her control of the company, which operates in real estate and trading. The offer is fully funded through internal resources, with an escrow deposit exceeding the offer size. Post-acquisition, Mrs. Patel will become the promoter, and existing promoters will move to the public category.