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Mr. Karronn Naresh Bajaj has concluded an open offer for Mitshi India Limited, acquiring up to 22.88 lakh shares at ₹15 per share.
Mitshi India Ltd submitted the post-offer advertisement for the open offer by Mr. Karronn Naresh Bajaj, where 5,79,417 shares were acquired for ₹0.87 Crore.
Mr. Karronn Naresh Bajaj is making an open offer to acquire up to 22.88 lakh shares (26%) of Mitshi India Ltd at ₹15 per share.
The Committee of Independent Directors deemed the open offer for Mitshi India Limited at ₹15 per share fair and reasonable, valued at ₹3.432 Crore.
Manager Srujan Alpha Capital Advisors filed the Letter of Offer for the open offer by Karronn Naresh Bajaj to acquire 26% of Mitshi India Ltd.