Sayaji Hotels (Indore) Ltd — Updates, 01-01-1970: Company Update

Century 21 Officespace Private Limited, along with its associates, has announced an open offer to acquire up to 7,92,118 equity shares of Sayaji Hotels (Indore) Limited, representing 26% of its capital. The offer price is Rs. 1,250 per share, valuing the acquisition at approximately 99.01 Cr. The Independent Directors Committee of Sayaji Hotels opined the offer price is fair and reasonable. Shareholders can tender their shares in dematerialized or physical form. This open offer provides an exit opportunity for eligible shareholders at the stated price.