Rarever Financial Advisors Pvt. Ltd. has submitted to the Exchange a copy of Public Announcement to the Shareholders of Ortin Global Limited ( Target Company ) in terms of Regulation 3(1) and 4 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
ORTINGLOBE · price
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Rarever Financial Advisors Pvt. Ltd. has filed a Public Announcement to the shareholders of Ortin Global Limited in line with SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011 (Regulation 3(1) and 4). This announcement is a mandatory step when an entity proposes to acquire a substantial stake or control in a listed company. The Public Announcement opens the way for a formal open offer to be made to existing public shareholders. The details of the offer price, number of shares, and acquirer's identity would be detailed in the Public Announcement document filed with the Exchange.
Existing shareholders should review the Public Announcement carefully, as they will likely receive a tendering opportunity to exit at the open offer price. The stock may see increased volatility and price movement as the open offer details (price, size) become known.