Bonanza Portfolio Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Detailed Public Statement in accordance with teh Provisions of the Regulations 13(4), 14(3) and 15(2) ....
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Bonanza Portfolio Ltd has submitted the Detailed Public Statement (DPS) to BSE for an open offer to acquire up to 7,93,000 equity shares (26% of the emerging equity and voting share capital) of Indian Link Chain Manufacturers Ltd from public shareholders. The open offer has been triggered following the Target Company's Board of Directors' resolution dated May 13, 2025, approving a preferential allotment of equity shares under Section 62 of the Companies Act, 2013. The offer is being made under Regulations 3(1) and 4 read with Regulations 13, 14, and 15(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The DPS was published in newspapers (Financial Express, Jansatta, and Mumbai Lakshdeep) on Tuesday, May 20, 2025.
Public shareholders will get an opportunity to tender their shares in the open offer at the price to be specified in the DPS. Existing shareholders should review the offer price versus prevailing market price to decide whether to participate or hold their shares.