Systematix Corporate Services Limited has Submitted to the Exchange a copy of Public Announcement for the attention of the Public Shareholders of Supreme Infrastructure India Limited (Target Company) under Regulations 3(2) and 4 read with Regulations 13(1), 14 and 15(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendment thereto.
SUPREMEINF · price
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Awaiting price reaction for this filing.
Systematix Corporate Services Limited has submitted a Public Announcement to the exchange on behalf of the acquirer for the attention of public shareholders of Supreme Infrastructure India Limited. The announcement is made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 — specifically Regulations 3(2) and 4 read with Regulations 13(1), 14 and 15(1). This filing indicates a substantial acquisition that triggers a mandatory open offer to public shareholders. Specific details such as offer price, number of shares, and acquisition percentage are not mentioned in this filing and would be detailed in the Public Announcement itself.
Public shareholders of Supreme Infrastructure India Limited should expect a mandatory open offer to buy back shares from them at a determined price. The stock may see increased volatility as offer details emerge, and shareholders will need to evaluate whether to tender their shares during the open offer window.