Open offer for Eureka Forbes Ltd at Rs. 210.15 per share

ICICI Securities Limited, the manager to the Offer (the "Manager"), for and on behalf of Lunolux Limited ("Acquirer"), together with Lunolux Midco Limited ("PAC 1"), AI Global Investments (Cyprus) PCC Limited ("PAC 2") and AI Pure (Cayman) Limited ("PAC 3") (PAC 1, PAC 2 and PAC 3 are collectively referred to as PACs) in their capacity as persons acting in concert with the Acquirer, to the Public Shareholders of Eureka Forbes Limited (formerly known as Forbes Enviro Solutions Limited) ("Target Company") has announced open offer for acquisition of up to 50,304,603 (fifty million three hundred and four thousand six hundred and three) fully paid up equity shares of face value of INR 10 (Indian Rupees Ten) each ("Equity Shares") at a price of Rs. 210.15 (Indian Rupees Two Hundred and Ten and Fifteen Paise).

Assuming full acceptance of the Open Offer, the total consideration payable by the Acquirer, will be INR 10,571,512,320.45 (Indian Rupees Ten Billion Five Hundred and Seventy One Million Five Hundred and Twelve Thousand Three Hundred and Twenty and Forty Five Paise) ("Maximum Open Offer Consideration").

Source : Equity Bulls

Keywords

EurekaForbes INE0KCE01017 HouseholdAppliances EUREKAFORBE OpenOffer Acquisition