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The open offer for Jai Mata Glass Ltd concluded with the acceptance of 1,084 shares at Rs. 1.85 each, totaling Rs. 2,005.40.
The Independent Directors of Jai Mata Glass Limited have reviewed the open offer and termed it fair and reasonable. Shareholders are advised to evaluate the offer independently.
Mr. Ashwani Gulati and others have launched an open offer to acquire 2.60 crore shares of Jai Mata Glass Limited at ₹1.85 per share, totaling ₹4.81 Crore.
The Acquirers issued a Draft Letter of Offer to acquire up to 2.6 crore shares of Jai Mata Glass Limited at ₹1.85 per share.
Acquirers entered a Rs.8.24 Crore SPA to acquire 44.57% of Jai Mata Glass. This triggered a mandatory open offer for an additional 26.00% stake.
Acquirers announced a mandatory open offer for 26% of Jai Mata Glass at ₹1.85 per share. The ₹4.81 Crore offer follows a 44.57% stake acquisition via SPA.