Nirbhay Colours India Ltd — Important, 01-01-1970: Company Update

A group of acquirers has issued a revised public statement for an Open Offer to acquire up to 1.42 Cr shares of Nirbhay Colours India Limited at ₹10 per share, representing 42.38% of its voting capital. This follows an initial purchase of 20.13% stake for ₹0.67 Cr. Post-offer, the acquirers expect to hold 71.04% of the company, becoming its new promoters with aims to drive growth. The company is also changing its name to Craftroot Retail Limited. Public shareholders have an opportunity to tender their shares in this mandatory offer.