Alchemist Corporation Ltd — Important, 01-01-1970: Company Update

Wallet Circle Technologies has launched an Open Offer to acquire up to 12.72 lakh (25.89%) shares of Alchemist Corporation Limited at ₹16 per share, totaling ₹2.03 Cr. This follows their prior acquisition of 74.11% from the former promoter at ₹6 per share, leading to a change in management for the currently non-operational Alchemist Corp, which reported a loss of ₹0.29 Cr in the last fiscal. The Acquirer intends to expand the business, access capital markets, and enhance shareholder value, without immediate plans for major asset sales or staff impact. Public shareholders can tender shares during the upcoming period, free from encumbrances.