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

Krishna Capital and Securities Limited has updated its Open Offer, significantly increasing the acquisition size. Acquirers Ashu Bishnoi and Yagnik Tank now aim to buy up to 8.30 Cr equity shares, representing 25.04% of the company's emerging voting share capital, at ₹20.00 per share in cash. This is a substantial jump from the previous offer for 18.04 lakh shares. The total funding for this revised offer is ₹16.61 Cr, with an escrow deposit of ₹4.16 Cr. This mandatory offer, if fully accepted, will result in the acquirers holding 100% of the company.