Sunil Kumar Shaha Announces Open Offer for 26% Stake in SER Industries at Rs. 35 Per Share
Mr. Sunil Kumar Shaha has announced an open offer to acquire up to 2,57,294 shares (26% of voting share capital) of SER Industries Limited at Rs. 35.00 per share. This follows a Share Purchase Agreement dated May 22, 2025, where Shaha agreed to purchase 5,21,545 shares (52.70% of voting share capital) from existing promoter shareholders at the same price. The total consideration for the open offer, assuming full acceptance, is Rs. 90,05,290.00. The offer complies with SEBI regulations, and the Committee of Independent Directors has published their recommendations in various newspapers.