Fairfax group announces open offer to acquire shares of Fairchem Organics Ltd at Rs. 575.53
Posted On: 2020-12-23 23:33:40 (Time Zone: Arizona, USA)
FIH Mauritius Investments Ltd ( Acquirer ) along with FIH Private Investments Ltd ( PAC 1 ), Nahoosh Jariwala ( PAC 2 ), Utkarsh Shah ( PAC 3 ) Jariwala Tradelink LLP ( PAC 4 ) and Nahoosh Tradelink LLP ( PAC 5 ) (hereinafter PAC 1, PAC 2, PAC 3, PAC 4 and PAC 5 are collectively referred to as the PACs ), in their capacity as the persons acting in concert with the Acquirers, have announced an open offer for acquisition of up to 33,77,953 fully paid-up equity shares of face value of Rs. 10 each ( Equity Shares ) from the Public Shareholders of Fairchem Organics Limited (the Target Company ), representing 25.94% of the Voting Share Capital, at a price of INR 575.53/- per Equity Share (the Offer Price ) aggregating to total consideration of INR 1,94,41,13,290.09 payable in cash.