Dolphin Medical Services Ltd — Important, 01-01-1970: Company Update

Amarandhar Reddy Kotha and Mallour Rajesh Kumar have launched an open offer to acquire up to 26% of Dolphin Medical Services at ₹4.80 per share. This follows their prior acquisition of a 20.95% stake from existing promoters, triggering the open offer. The total open offer value is around ₹1.88 Cr. With a combined net worth of over ₹153 Cr, the acquirers aim to gain control and expand Dolphin Medical's diagnostic and healthcare services. Independent directors will offer their view on the offer to public shareholders, presenting an exit opportunity at the offer price.