- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Two acquirers, Mr. Nishil Sanjaykumar Shah and Mr. Niranjan Navratanmal Jain, have announced an open offer to acquire 20.02 lakh equity shares, representing 26% of Mahan Industries Limited's expanded voting capital, at ₹12 per share, totaling ₹2.40 crore. This offer follows Mahan Industries announcing a board meeting that approved a preferential issue of 32 lakh equity shares and warrants to the acquirers and others. Upon completion, the acquirers aim to gain control, becoming promoters, and strengthen the company's financial services presence. Independent directors will offer their view to public shareholders regarding this offer. The acquirers have sufficient financial resources, with individual net worths of ₹6.72 crore and ₹3.13 crore respectively.