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Dynalog (India) Limited and its promoter group have launched an open offer to acquire up to 2.61 lakh equity shares, representing 26% of EMA India Limited, at ₹124 per share. This follows a prior acquisition of 4.52 lakh shares (45.03%) from EMA India's current promoters for ₹5.61 Cr. The total cash consideration for the open offer is ₹3.24 Cr. Post-acquisition, the Acquirers will hold 71.03%. EMA India, currently not generating revenue and holding negative net worth of (₹1.75 Cr), will see a management change. The Acquirers aim to take control and potentially diversify EMA India's operations into new areas.