Shree Pacetronix Ltd — Updates, 01-01-1970: Company Update

Shree Pacetronix Limited's promoter group, led by Akash Sethi, has announced an Open Offer to acquire up to 26% of the company's expanded share capital, equivalent to 975,000 shares. The offer price is ₹100 per share, valuing the total acquisition at ₹9.75 Cr. This mandatory cash offer was triggered by a preferential issue of shares and warrants to the Acquirer for ₹2.43 Cr, aiming for increased control. The company specializes in manufacturing pacemakers. Post-offer, the promoter group's stake is projected to reach 55.09%. They plan to maintain the company's listing and existing business operations.