Jai Mata Glass Ltd — Important, 01-01-1970: Company Update

Acquirers are making an open offer for Jai Mata Glass, seeking to acquire up to 2.60 Crore equity shares, or 26% of the company, at an offer price of INR 1.85 per share. This follows their agreement to buy a 44.57% stake (4.46 Crore shares) from the current promoters for INR 8.24 Crore. The acquirers plan to gain majority control to revive and expand the company's business, leveraging its listed status. If the offer is fully accepted, the acquirers will hold a 70.57% stake. This offers public shareholders an opportunity to tender their shares amidst the company's recent financial challenges.