Avi Products India Ltd — Important, 01-01-1970: Company Update

PPMS Real Estates LLP, the acquirer of AVI Products India Limited, has launched an open offer to acquire up to 8,59,769 equity shares at ₹33.00 each, representing 26.00% of the company's voting capital. The Independent Directors find the offer price to be fair and reasonable. The open offer is being implemented through a stock exchange mechanism. Currently, the acquirer holds 20,72,669 equity shares, or 62.68% of the voting capital, following previous acquisitions. The acquirer intends to diversify into the real estate sector, subject to shareholder approval, and may reorganize the company's capital structure, with no major changes planned for existing operations.