AI Global Investments PCC Limited completed the acquisition of additional 17.6% stake in DFM Foods Limited from the shareholders for INR 4.6 billion
AI Global Investments (Cyprus) PCC Limited completed the acquisition of additional 17.6% stake in DFM Foods Limited (BSE:519588) from the shareholders for INR 4.6 billion on December 19, 2022. AI global received bid for 88,43,709 shares at INR 525 per share. As the post Delisting Offer shareholding of the Acquirer, along with the other promoter and promoter group members, has exceeded 90% (92.60%) of total issued number of Equity Shares, the Delisting Offer is deemed successful in terms of Regulation 21 of the Delisting Regulations. The Manager to the Offer, on behalf of the Acquirer and PAC, have rejected the Discovered Price of INR 525 per Equity Share and launched a counter offer at a price of INR 467 per Equity Share