Shantai Industries Ltd — Important, 01-01-1970: Company Update

Five acquirers, led by Radhe Dhokla Private Limited, have announced an Open Offer to acquire up to 19,20,000 equity shares of Shantai Industries Limited from its public shareholders. Each share, with a face value of ₹ 2, is offered at ₹ 21, totaling ₹ 4.03 Cr for the acquisition. Saffron Capital Advisors Private Limited is managing this offer. This open offer provides an opportunity for public shareholders to tender their shares, potentially altering Shantai Industries' ownership.