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

Bhaum Digital Ventures Private Limited has launched an open offer to acquire 63.38 lakh equity shares, representing 26.00% of Jolly Plastic Industries Limited, at ₹10 per share, totaling ₹6.34 crore. This follows Jolly Plastic's acquisition of Sahaj Retail Limited from Bhaum Digital, for which Jolly Plastic will issue 1.77 crore preferential shares worth ₹17.70 crore to Bhaum Digital. Post-offer, Bhaum Digital will hold 98.61% of Jolly Plastic. This move aims to create strategic and operational synergies, expanding Jolly Plastic's service portfolio and market reach through Sahaj Retail's digital infrastructure and rural network. The acquirer commits to meeting public shareholding norms.