Mithun Sacheti’s Axana Estates, Plutus To Launch Open Offer For Nazara 

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SUMMARY

As per the open offer, the three existing backers will acquire up to 2.4 Cr (2,40,64,121) equity shares at an offer price of INR 990 for a total consideration worth INR 2,382.34 Cr

This offer price is a 7.19% discount from Nazara’s closing price at INR 1,066.80 apiece on the BSE today

Post the open offer, the combined shareholding of Axana Estates, Plutus Wealth Management LLP, Junomoneta Finsol Private Limited (PAC), existing promoters (Vikash Mittersain and Nitish Mittersain) and promoter group will together hold around 61.5%…



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Mithun Sacheti’s Axana Estates, Plutus To Launch Open Offer For Nazara 


SUMMARY

As per the open offer, the three existing backers will acquire up to 2.4 Cr (2,40,64,121) equity shares at an offer price of INR 990 for a total consideration worth INR 2,382.34 Cr

This offer price is a 7.19% discount from Nazara’s closing price at INR 1,066.80 apiece on the BSE today

Post the open offer, the combined shareholding of Axana Estates, Plutus Wealth Management LLP, Junomoneta Finsol Private Limited (PAC), existing promoters (Vikash Mittersain and Nitish Mittersain) and promoter group will together hold around 61.5%…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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