Shantai Industries Ltd — Important, 01-01-1970: Company Update

A consortium of acquirers, led by Radhe Dhokla Private Limited, has launched a mandatory open offer for Shantai Industries Limited. They aim to acquire up to 19.20 lakh equity shares at ₹21 each, valuing the offer at ₹4.03 crore for 25.60% of voting capital. Public shareholders can tender their shares during the specified period. It's crucial to note the offer price of ₹21 is significantly below the current market price of ₹102.01. The Independent Directors Committee deemed the offer fair and reasonable.