Krishna Capital and Securities Ltd — Important, 01-01-1970: Company Update

Acquirers Ashu Bishnoi and Yagnik Tank announced an Open Offer for Krishna Capital (KRISHNACAP) to acquire 5.44% of its shares at ₹20 each. This follows a deal to buy 4.08% from existing promoters for ₹2.71 Cr and a proposed ₹60 Cr preferential issue of new shares. Post-transaction, Acquirers will hold 80.40%, taking control and becoming new promoters. They aim to continue existing business, possibly diversify, and ensure compliance with public shareholding norms. KRISHNACAP recently reported a half-year loss of ₹0.07 Cr. Note: the current market price is above the offer price.