This is to inform that the Promoter and Promoter group (collectively referred to as the "Promoter seller") have entered into a Share purchase agreement (SPA) dated 08th April, 2025 with ....
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Awaiting price reaction for this filing.
The promoters and promoter group of CDG Petchem Ltd have signed a Share Purchase Agreement (SPA) dated April 8, 2025 with Jujhar Constructions and Travels Private Limited to sell their entire shareholding of 19,11,052 equity shares, representing 62.10% of the company's voting share capital. The acquirer currently holds 0% in the company. Upon completion, Jujhar Constructions will become the new promoter and acquire control of CDG Petchem, while the existing promoters will cease to be promoters. As per SEBI (SAST) Regulations, the acquirer is obligated to make an open offer to public shareholders. The acquirer has no prior shareholding in the company, making this a complete change of control transaction.
This is a significant change-of-control event. Public shareholders will receive an open offer from the new acquirer at a price determined under SEBI (SAST) rules. Stock price typically reacts in the short term based on the open offer price premium. Existing shareholders should watch for the detailed public announcement from the acquirer for the open offer price and timeline.