Rasoi received a letter dated 16 November, 2018 from J. L. Morison (lndia), which together with Pallawi Resources, Leaders Healthcare, Shashi Mody and Sakshi Mody who are Promoters or part of the Promoter Group of the Company (collectively referred to as "Acquirers"), have expressed their intention to acquire the entire public shareholding of the Company i.e., 24225 equity shares of the Company representing 25.08% of the paid up equity share capital of the Company held by the public shareholders and consequently voluntarily delist the equity shares of the Company.
Further, on 19 November 2018 the Company has received a letter from J. L. Morison (lndia) along with a valuation report dated 18th November, 2018 issued by Walker Chandiok & Co LLP, Chartered Accountants, informing the Company that Rs. 25,408 is the floor price for the Delisting Offer.
J. L. Morison (lndia) also informed in its aforesaid letter about Acquirers' willingness to accept Equity Shares tendered in the delisting offer at a price of Rs. 26,500 per equity share (lndicative Offer Price). The lndicative Offer Price is at a premium of Rs. 1,092 per equity share over the floor price.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
