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The latest update is out from Stylam Industries Limited ( (IN:STYLAMIND) ).
Stylam Industries Limited has informed the stock exchanges that it has received a draft letter of offer relating to an open offer by Japan-based Aica Kogyo Company, Limited to acquire up to 44,06,496 equity shares, representing 26% of Stylam’s voting share capital, from its public shareholders. The open offer, managed by ICICI Securities under India’s takeover regulations, follows an earlier public announcement and detailed public statement filed with SEBI and the stock exchanges, and marks a significant potential change in Stylam’s shareholding structure that could strengthen strategic ownership and potentially influence future governance and control dynamics for minority investors.
More about Stylam Industries Limited
Stylam Industries Limited is an India-based manufacturer, exporter and Star Export House primarily engaged in the laminates and allied surface materials segment, operating out of Chandigarh and industrial facilities in Panchkula, Haryana. The company’s equity shares are listed on BSE and NSE under the symbol STYLAMIND, giving it access to public capital markets and a broad base of public shareholders.
Average Trading Volume: 2,517
Technical Sentiment Signal: Buy
Current Market Cap: 37.53B INR
For an in-depth examination of STYLAMIND stock, go to TipRanks’ Overview page.