Sita Enterprises Ltd — Updates, 01-01-1970: Company Update

Sita Enterprises Limited shareholders have an Open Offer from Mr. Jitendra Rasiklal Sanghavi to acquire up to 7,50,000 equity shares, representing 25.00% of the company's voting capital. The offer price is Rs. 92.50 per share. The independent directors of Sita Enterprises have indicated their view that this offer price is fair. There are no competitive bids for this offer. The Letter of Offer has been sent to eligible shareholders, providing details on how to tender their shares through their brokers.