Fabino Enterprises Ltd — Important, 01-01-1970: Company Update
01-01-1970 · 12:00 am
R G Family Trust, Sameer Gupta, and Sundeep Gupta (Acquirers) have announced an Open Offer to acquire 5,46,000 equity shares, or 26.00%, of Fabino Enterprises Limited at ₹20 per share. This follows their agreement to purchase an additional 56.82% stake from existing promoters. The Acquirers will collectively hold 82.82% of the company, securing management control and planning for inorganic growth and business diversification. Public shareholding will fall below 25% post-offer, and the Acquirers commit to ensuring compliance with minimum public shareholding norms. Independent Directors will provide their views on the offer to shareholders.
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