Nilachal Refractories Ltd — Important, 01-01-1970: Company Update

SFAL Speciality Alloys has launched an open offer to acquire shares of Nilachal Refractories Limited. The offer is for 59,83,928 equity shares at a price of ₹22 per share, totaling approximately ₹13.16 Crore. This move allows Nilachal Refractories' shareholders to tender their shares and could lead to a change in ownership or increased stake for SFAL Speciality Alloys, impacting the target company's future direction. Narnolia Financial Services is managing this open offer.