Avishkar Infra Realty Ltd — Important, 01-01-1970: Company Update

Avishkar Infra Realty's Independent Director Committee has assessed the open offer by Mr. Niraj Harsukhlal Sanghavi and others to acquire up to 58,24,853 equity shares, representing 26.00% of the expanded voting capital. The Committee finds the cash offer, at Rs. 16.00 per share with a face value of Rs. 10.00, to be fair and reasonable. Their view is based on a review of offer documents and aligns with valuation parameters set by market guidelines for non-frequently traded shares. This means the offer price reflects a justified value for shareholders.