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Aarti Surfactan
BSE: 543210NSE: AARTISURFISIN: INE09EO01013

1st-Oct-2020 21:49Source: BSE

Aarti Surfactants Limited - Announcement under Regulation 30 (LODR)-Open Offer - Updates

Ref: Proposed Open Offer by Ms. Jaya Chandrakant Gogri (''Acquirer 1'') and Nikhil Holdings Private Limited (''Acquirer 2'') (Collectively referred to as ''Acquirers'') to acquire upto 19,71,965 Equity shares of Rs. 10/- each for cash at a price of Rs. 284/- aggregating upto Rs. 56,00,38,060 (Rupees Fifty Six Crores Thirty Eight Thousand and Sixty only), to the Public shareholders of Aarti Surfactants Limited (''Target Company'') in accordance with the extant Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (''Takeover Regulations'') (''Open Offer'').


Company has received from M/s Saffron Capital Advisors Private Limited, Manager to the captioned Open Offer copy of Advertisement of the Pre Offer Ad Cum Corrigendum dated September 30, 2020 (''POFCC'')

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