Pharmaids Pharmaceuticals Ltd — Updates, 01-01-1970: Company Update

Shankarappa Nagaraja Vinaya Babu, along with Tumkur Trade Center Private Limited, has announced an open offer to acquire up to 91,69,632 equity shares of Pharmaids Pharmaceuticals Limited from public shareholders. The offer is priced at ₹62.15 per share, totaling approximately ₹56.99 crore. This significant offer provides public shareholders an opportunity to tender their shares, potentially leading to a change in ownership structure for Pharmaids Pharmaceuticals. The announcement was made by Saffron Capital Advisors Private Limited, acting as the manager for the offer.