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Farmico International Private Limited
5 articles
Farmico International’s acquisition of a 74.64% stake in Simandhar Impex marks a significant shift in ownership and control, with Chandraprakash Wadhwani now classified as a company promoter under SEBI regulations. The acquisition was finalized on May 21, 2026, following an open offer that received no share tenders from public shareholders, leaving the public float unchanged at 25.36%. This move consolidates Farmico’s position within Simandhar Impex, potentially enabling strategic integration and operational changes, though investors should monitor the impact of the unchanged public float on future liquidity and governance dynamics.
Simandhar Impex Acquired by Farmico International at 74.64%
Farmico International Private Limited completed acquisition of 74.64% equity shares in Simandhar Impex Limited on May 21, 2026.
Acquirer assumed management control with appointment of two new Addition
Simandhar Impex 74.64% Acquisition by Farmico International
Farmico International completed acquisition of 22,81,615 equity shares (74.64%) in Simandhar Impex on May 21, 2026.
Acquirer gained substantial shareholding, voting rights and effective control over t
Simandhar Impex Open Offer Receives Zero Share Acceptance
Farmico International's open offer for 25.36% of Simandhar Impex at ₹30/share closed with zero shares tendered by public shareholders.
Acquirer Farmico International successfully acquired 74.64% stake
Farmico International Open Offer for 25.36% Simandhar Impex
Farmico International launches open offer to acquire 7,75,310 equity shares (25.36%) of Simandhar Impex at ₹30 per share.
Independent Directors Committee confirms offer price of ₹30 per share as justi
Simandhar Impex Independent Directors Recommend Open Offer
Committee of Independent Directors recommends shareholders accept open offer from Farmico International at ₹30 per share.
Offer price deemed fair and reasonable based on book value, negative profitabi