Hindustan Agrigenetics Ltd — Important, 01-01-1970: Company Update

Rajendra Naniwadekar has launched an open offer to acquire up to 11.44 lakh (26%) equity shares of Hindustan Agrigenetics Limited at ₹54 per share. This offer, totaling up to ₹6.18 crore, follows his acquisition of an additional 1% stake, raising his holding to 25.10% and triggering a change in control. The goal is for Naniwadekar to become the Promoter, revive HAGL's business, and explore new opportunities. If fully accepted, his stake will reach 51.10%. The independent directors will provide their view on the offer.