Jolly Plastic Industries Ltd — Important, 01-01-1970: Company Update

Bhaum Digital Ventures has launched an Open Offer to acquire up to 26% of Jolly Plastic Industries, amounting to 63.38 lakh shares, from public shareholders at ₹10 per share. This offer, totaling ₹6.34 Cr, is triggered by Jolly Plastic Industries' acquisition of Sahaj Retail Limited from Bhaum Digital Ventures for ₹17.70 Cr. To fund this, Jolly Plastic Industries will issue 1.77 Cr new equity shares at ₹10 each to Bhaum Digital Ventures. This transaction reshapes Jolly Plastic Industries' ownership and brings a new business into its portfolio.