 "Merger")
Kuwait-based multi-family office investment firm Markab Capital WLL has announced acquisition of a controlling stake in Chennai-based architectural, design and build turnkey solutions provider Uniply Industries Ltd. The offer values the company at an enterprise value of over Rs 1,550 crore on a fully diluted basis.
Markab Capital and its wholly-owned Indian subsidiary, Markab India SPV Pvt Ltd, have acquired 20.7 per cent shareholding from the promoter, Keshav Kantamneni, and his group entities at Rs 82 per share, a premium of nearly 28 per cent on the price of the shares of the company as on closing of trading hours
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