Silly Monks IDC recommends open offer as fair and reasonable at Rs 18.50 per share
SILLYMONKS · price
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Silly Monks Entertainment: The Independent Directors Committee has reviewed the open offer by acquirer Mr. Satyapoorna Chander Yalamanchili for up to 35,97,865 fully paid-up equity shares representing 26 percent of voting capital at Rs 18.50 per share. IDC finds the offer price fair, reasonable, and in line with SEBI norms. Public shareholders are advised to independently evaluate and take an informed decision.
Open offer at Rs 18.50/share validated by IDC as fair and reasonable. Shareholders should weigh this price and tendering decision independently.