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

Mr. Neerav Bairagi has announced an open offer to acquire up to 60,21,053 shares, representing 26% of JMG Corporation Limited's total voting capital, at ₹5.30 per share, totaling approximately ₹3.19 Cr. This mandatory open offer follows an agreement where Mr. Bairagi will acquire 36.62% of JMG Corporation from the current promoter, Mr. Atul Kumar Mishra, for ₹4.20 per share, valued at about ₹3.56 Cr. Upon completion, Mr. Bairagi will gain control of JMG Corporation, becoming its new promoter. This provides an exit opportunity for public shareholders.