P.M. Telelinnks Ltd — Important, 01-01-1970: Company Update

BSL Infrastructure has launched an open offer to acquire up to 26,19,500 shares of P M Telelinnks, representing 26.00% of its voting capital, at ₹6.81 per share. This mandatory offer follows an agreement to buy 48,38,733 shares (48.03%) from promoters at ₹6.20 per share, valuing that portion at ₹3.00 Crore. The total open offer consideration is up to ₹1.78 Crore. BSL aims for strategic control and integration, leveraging P M Telelinnks' existing steel and telecom platform for future growth. The tendering period for public shareholders commences and closes on January 28, 2025.