Draft Offer Letter received from the Acquires. Details enclosed herewith this Letter
Awaiting price reaction for this filing.
Krishna Capital and Securities Ltd has received a draft offer letter from potential acquirers. The filing indicates that an acquisition or delisting proposal is being formally presented to shareholders. Specific terms including offer price, timeline, and conditions were enclosed with the letter but were not accessible in the available document. The company has initiated the formal process of communicating the offer to the stock exchange and shareholders. Such announcements typically precede a public announcement of delisting or a major change in shareholding structure.
Shareholders may receive an offer to sell their shares, potentially at a specified price. This could be positive if the offer is at a premium to current market price, but involves uncertainty until full terms are disclosed.