Devinsu Trading Ltd — Important, 01-01-1970: Company Update

Mr. Amay Vatsalya has launched an Open Offer to acquire up to 0.29 crore equity shares, or 26% of CMX Holdings, at ₹9.70 per share in cash. The Committee of Independent Directors views the offer as fair and reasonable, advising shareholders to make their own informed choices. This acquisition aims for a majority stake and management control, with no intent to delist. CMX Holdings currently has no active business but generates income from other financial services. The transaction will reduce public shareholding below regulatory limits, which the acquirer plans to rectify. Shareholders can now tender their shares.