Anupam Rasayan India Limited has successfully completed the acquisition of 2,60,065 equity shares in Tanfac Industries Limited. This acquisition, made through a preferential issue at a price of ₹2,341 per share, represents an aggregate consideration of ₹60.88 crore. The company has finalized the necessary documentation and acceptance forms for this transaction.
Preferential Issue Completed
Anupam Rasayan India Limited has announced the completion of its acquisition of equity shares in Tanfac Industries Limited. This strategic move was executed through a preferential issue, a significant step for the company’s growth and investment portfolio.
Key Transaction Details
The transaction involved the acquisition of 2,60,065 equity shares of Tanfac Industries Limited. Each share, with a face value of ₹5, was acquired at a price of ₹2,341. The total aggregate consideration for this acquisition amounts to ₹60,88,12,165 (Rupees Sixty Crores Eighty-Eight Lakhs Twelve Thousand One Hundred Sixty-Five).
Completion of Acquisition Process
Anupam Rasayan India Limited has confirmed that it has accepted, executed, and delivered the acceptance form to Tanfac Industries Limited. This marks the finalization of the private placement offer-cum-application process. The company has also completed all necessary steps in connection with this acquisition.
Source: BSE
