Shree Pacetronix Ltd — Updates, 14-08-2025: Company Update
14-08-2025 | 04:32 pm
14-08-2025 | 04:32 pm
Shree Pacetronix has received a Detailed Public Statement regarding an open offer by promoter Akash Sethi and other promoter group members. This mandatory offer was triggered by a preferential share and warrant allotment to the acquirer totaling ₹2.43 Crore. The open offer aims to acquire up to 9.75 lakh equity shares, representing 26% of the company's expanded capital, at ₹100 per share, totaling ₹9.75 Crore. If fully accepted, the promoter group's stake would increase to 55.09%. This move consolidates promoter holding, signaling their long-term commitment while retaining the company's listing status. Independent directors will provide their assessment on the offer.
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