The promoters of Liberty Oil Mills are planning to consolidate their holdings in the company.
Parvez Hamza Kader and Liberty Investments Pvt Ltd (LIPL), the promoters, together are making a voluntary offer to acquire 13.24 lakh equity shares of Rs 10 each representing 27.15 per cent of the issued and paid-up share capital from the remaining shareholders at a price of Rs 30 per share in cash.
LIPL and Parvez Hamza Kader collectively hold 15.64 per cent in the company. Along with persons acting in concert, the promoter