Shashank Traders Ltd — Important, 01-01-1970: Company Update

AVB Endeavors Private Limited, Prilika Enterprises Private Limited, and Mr. Aditya Vikram Birla (the Acquirers) have announced an open offer to acquire up to 15,46,900 equity shares, representing 50.00% of Shashank Traders Limited (STL). The offer price is ₹30.00 per share, potentially totaling ₹4.64 Cr upon full acceptance. This mandatory offer follows the Acquirers' initial acquisition of 8,24,600 shares (26.65%) from a selling shareholder for ₹2.47 Cr, which triggers a change of control. This move signifies a major ownership shift for STL.