Ashok Alco-Chem Ltd Announces Updates On Open Offer
Ashok Alco-Chem Ltd announced that Aura Alkalies & Chemicals Pvt Ltd (Acquirer) has submitted to BSE a Letter of Offer for the open offer as given to the shareholders of Ashok Alco Chem Ltd (Target Company) for acquiring 9,81,590 Equity Shares of INR10 each, at a price of INR19.15 (Rupees Nineteen paise Fifteen Only) per fully paid Shares, representing 26% of the voting Capital of the Target Company as per SEBI (Substantial acquisition of Shares and Takeovers) Regulations 2011.
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