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

An open offer by Radhe Dhokla Private Limited and its associates to acquire up to 19.20 lakh equity shares (25.60% voting capital) of Shantai Industries Limited at ₹21 per share, valuing the offer at ₹4.032 crore, concluded with no shares being tendered by public shareholders. Despite this, the acquirers intend to complete their primary acquisition of 55.80 lakh shares (74.40%), which triggered this open offer. This transaction will lead to a change in company control, with the acquirers holding 74.40% post-acquisition.