Intimation regarding receipt of SEBI comments/approval on Draft letter of offer in respect of Open offer under SEBI (SAST) Regulation, 2011
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Chambal Breweries and Distilleries Limited has received SEBI's observations and comments on the Draft Letter of Offer for an Open Offer under the SEBI Takeover Regulations, 2011. Acquirer M/s. Invade Agro Limited is making an open offer to acquire up to 19,47,077 equity shares, representing 26.00% of the company's fully paid-up share capital. The offer price is fixed at ₹6 per equity share of face value ₹10 each. This open offer follows a Share Purchase Agreement signed on May 30, 2025, which triggered the mandatory open offer requirement under takeover rules.
The SEBI clearance moves the open offer closer to launch, giving shareholders of Chambal Breweries a potential exit opportunity at ₹6 per share. Investors should note the offer price and watch for the final Letter of Offer and tendering timeline.