Asgard Alcobev Open Offer IDC Recommends Acceptance

Asgard Alcobev's Independent Directors' Committee recommends acceptance of the open offer at Rs. 1.45 per share under SEBI SAST Regulations, 2011.
Acquirers Ronak Jain, Sarita Jain, Priyanka Jain, and K K Impex seek to acquire 9,17,41,759 shares representing 26% of expanded equity capital.
Offer price of Rs. 1.45 exceeds the independent fair value of Rs. 1.37 per share certified by CA Amit Maloo, dated December 17, 2025.
Advertisement of IDC recommendation published on April 1, 2026 across four newspapers including Business Standard (English and Hindi, all editions).