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

An open offer has been made to acquire up to 14,19,700 equity shares, representing 42.38% of Nirbhay Colours India Limited's voting share capital, from its public shareholders. This offer is priced at INR 10 per equity share. A group of acquirers, including Mr. Dakshesh Rameshchandra Shah, are behind this offer. This open offer provides public shareholders an opportunity to tender their shares at a defined price, potentially impacting the company's ownership structure and liquidity for investors.