Key Transaction Details
- Open Offer Target: Acquisition of up to 3,76,39,342 fully paid-up equity shares of SAL Steel Limited
- Stake Percentage: 26% of expanded share capital of SAL Steel Limited
- Offer Price: ₹25 per equity share (face value ₹10 each)
- Acquirer: Sree Metaliks Limited
- Manager to Offer: Vivro Financial Services Private Limited
SEBI Extension
- SEBI letter dated November 03, 2026 granted 4-month extension
- New completion deadline: February 20, 2027 (from date of application)
- Characterized as "final extension" for completing underlying transaction as contemplated under SPA
Publication Details
- Public notice published on November 05, 2026 in following newspapers:
- Financial Express (English edition)
- Jansatta (Hindi edition)
- Navshakti (Marathi edition, Mumbai)
- Financial Express (Gujarati edition, Ahmedabad)
Capitalized Terms
All capitalized terms not defined in the public notice shall have meaning assigned in the Letter of Offer (LOF).
Disclaimer
The public announcement is for information purposes only and does not constitute an invitation or offer to acquire securities. Not intended for publication or distribution outside India.
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