EMA India Ltd — Important, 01-01-1970: Company Update
01-01-1970 | 12:00 am
01-01-1970 | 12:00 am
The acquirers of EMA India Limited completed an open offer to acquire up to 2.61 lakh equity shares (26%) at ₹124 per share, aiming for a total offer size of ₹3.24 crore. However, only 200 shares were tendered and accepted, amounting to ₹24,800. This outcome means the acquirers' actual post-offer shareholding is 4.52 lakh shares (45.05%), falling short of their intended 71.03%. Consequently, public shareholding in EMA India Limited increased slightly to 5.52 lakh shares (54.95%), rather than decreasing as initially anticipated by the offer.
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