Mark Corporate Advisors Private Limited has Submitted to the Exchange a copy of detailed public statement under Regulation 13(4), 14(3) and 15(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended, for the attention of the public shareholders of the Company.
KESORAMIND · price
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Awaiting price reaction for this filing.
Mark Corporate Advisors Private Limited has submitted a detailed public statement to the exchange under Regulations 13(4), 14(3) and 15(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This filing is directed at the public shareholders of Kesoram Industries and is a mandatory step in the open offer process. These specific regulations are invoked when a substantial acquisition of shares or a change in control triggers a mandatory open offer to public shareholders.
This confirms that an open offer process has been formally initiated for Kesoram Industries, likely due to a substantial acquisition or change in control. Public shareholders should expect detailed offer terms (price, quantity, timeline) from the acquirer and should review the public statement carefully to evaluate whether to tender their shares.