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

The Thanki family and Rawmin Mining And Industries have made a mandatory open offer to acquire up to 26% of Glittek Granites, or 67.50 lakh shares, at ₹12.65 per share, totaling ₹8.54 Crore. This follows their acquisition of 62.99% of shares from existing promoters for ₹20.68 Crore. Post-offer, their combined stake will reach 88.99%. The new owners, experienced in mining, aim to expand and diversify Glittek's business, enhancing shareholder value. The company's public shareholding will fall below 25%, which the acquirers will address.