Glittek Granites Ltd — Important, 01-01-1970: Company Update

A group of acquirers and Rawmin Mining and Industries Private Limited (PAC) have announced a mandatory open offer to acquire up to 26% (6.75 Cr shares) of Glittek Granites Limited from public shareholders at ₹12.65 per share. This offer, totaling ₹8.54 Cr, follows their prior acquisition of 62.99% (1.64 Cr shares) for ₹20.68 Cr. This makes them the new promoters, giving them control of the company. They plan to maintain Glittek Granites' listing status, presenting an exit opportunity for public shareholders at the offer price.