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

Wallet Circle Technologies Limited has launched an open offer to acquire up to 12.72 Lakh equity shares of Alchemist Corporation Limited from its public shareholders. This offer aims to acquire 25.89% of Alchemist Corporation's total voting capital on a fully diluted basis. Public shareholders can tender their shares for cash at an offer price of ₹16 per equity share. This open offer provides a clear exit route and a liquidity opportunity for Alchemist Corporation's public investors, allowing them to monetize their holdings at a set price.