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

Mr. Deniis Desai has launched an open offer to acquire up to 1,63,800 equity shares, representing 26% of Devinsu Trading Limited, at ₹350 per share, totaling ₹5.73 Cr. The company's independent directors view the offer as fair and reasonable, though advising shareholders to make independent decisions. The acquirer aims to expand Devinsu's operations into new areas, generate revenues, and provide an exit opportunity for shares that haven't traded for over two decades. The tendering period for this offer is from October 27 to November 10. It was noted that Devinsu previously paid a ₹87,000 fine for compliance issues, and recently allotted preferential shares are not eligible for this offer.