Onix Solar Energy Ltd — Important, 01-01-1970: Company Update

Onix Renewable Limited, along with its associates, has launched an open offer to acquire up to 16.28 lakh (0.16 Cr) equity shares of Onix Solar Energy Limited. This represents 6.44% of Onix Solar's emerging voting share capital. The acquirers are offering ₹264 per share, payable in cash, providing an opportunity for public shareholders to tender their shares. This open offer aims to increase the acquirer's stake in Onix Solar Energy Limited, potentially leading to greater strategic control and operational synergies.