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VC Corporate Advisors published the Post Offer Advertisement for the open offer to acquire 14.37 lakh equity shares of Kkalpana Plastick Ltd at Rs. 28 per share.
Kkalpana Plastick's Committee of Independent Directors reviewed an open offer by Ashish Begwani to acquire 1,437,420 shares. The offer represents 26% of the company's equity capital.
Ashish Begwani launched an open offer to acquire a 26% stake in Kkalpana Plastick Ltd at Rs. 28 per share. The total offer value is approximately Rs. 4.02 Crore.
Mr. Ashish Begwani has issued a Draft Letter of Offer for an open offer to acquire 26% stake in Kkalpana Plastick Ltd for Rs. 4.02 Crore.
Kkalpana Plastick Ltd's promoters signed a SPA to sell 72.58% stake, triggering a mandatory open offer. The acquirer, Mr. Ashish Begwani, will become the new promoter upon completion.
Kkalpana Plastick Ltd faces an open offer for 26% of its shares. The offer, triggered by a share purchase deal, is priced at Rs. 28 per share.