Tag
Ashwani Gulati
5 articles
Ashwani Gulati's involvement in Jai Mata Glass is currently defined by a largely unsuccessful mandatory open offer. Following the acquisition of a 44.57% stake, Gulati, alongside Kiran Gulati and Veerasha Trust, initiated an open offer to acquire an additional 26% of the company's shares at ₹1.85 per share, a move intended to secure a 70.57% controlling interest. However, the offer received only a minimal 0.00% of the targeted shares, suggesting limited participation from public shareholders and potentially impacting plans to revive the company's operations. Investors should monitor whether the acquirers pursue alternative strategies to consolidate control and whether the company can achieve its operational turnaround goals.
Jai Mata Glass Open Offer Results: 1084 Shares Tendered
Acquirers Ashwani Gulati, Kiran Gulati, and Veerasha Trust completed an open offer for 26% of Jai Mata Glass Limited shares at ₹1.85 per share.
The offer received only 1,084 shares against the intende
Jai Mata Glass Open Offer for 26% at ₹1.85/Share
Open offer by Ashwani Gulati, Kiran Gulati, and Veerasha Trust to acquire up to 2.6 crore shares (26%) of Jai Mata Glass Ltd at ₹1.85 per share.
Independent Directors Committee recommends the offer pr
Jai Mata Glass Mandatory Open Offer at ₹1.85
Ashwani Gulati, Kiran Gulati, and Veerasha Trust launch a mandatory open offer for 26% of Jai Mata Glass Limited shares at ₹1.85 per share, triggered by a separate 44.57% stake purchase.
The offer, va
Jai Mata Glass Mandatory Open Offer for 26% Stake
Acquirers Ashwani Gulati, Kiran Gulati, and Veerasha Trust launch a mandatory open offer for 26% of Jai Mata Glass Ltd. at ₹1.85 per share.
The offer is triggered by a separate Share Purchase Agreemen
Jai Mata Glass Open Offer for 26% at ₹1.85
• Mandatory open offer for 2.6 crore shares (26% stake) in Jai Mata Glass Ltd triggered by a promoter share purchase agreement.
• Acquirers Ashwani Gulati, Kiran Gulati, and Veerasha Trust will pay ₹1