Rotographics (India) Ltd — Updates, 01-01-1970: Company Update

Mr. Shrey Gupta has launched an Open Offer to acquire up to 0.34 Cr (26%) equity shares of Rotographics (India) Limited at ₹15 per share in cash. This offer follows his acquisition of 0.18 Cr shares from the previous promoter and a preferential allotment of 0.53 Cr shares to himself, making him the new promoter. The total funds needed for this offer are approximately ₹5.13 Cr, which Mr. Gupta will finance through internal resources. His objective is to revive and strengthen RGIL's business, with no immediate plans to sell significant assets.