Purshottam Kejriwal, Vibhu Kejriwal, Shantanu Purshottam Kejriwal and Kostuv Purshottam Kejriwal completed the acquisition of 0.006154% stake in Pentokey Organy Limited for INR 0.003 million.
July 23, 2021
Share
Purshottam Kejriwal, Vibhu Kejriwal, Shantanu Purshottam Kejriwal and Kostuv Purshottam Kejriwal made an offer to acquire a 26% stake in Pentokey Organy (India) Limited (BSE:524210) for INR 14.3 million on May 14, 2021. The offerors intend to acquire approximately 1.6 million shares of Pentokey Organy for INR 8.75 per share in cash. As of July 5, 2021, Purshottam Kejriwal, Vibhu Kejriwal, Shantanu Purshottam Kejriwal and Kostuv Purshottam Kejriwal made an offer to acquire a 25.5% stake in Pentokey Organy (India) Limited (BSE:524210) for INR 13.9 million. Purshottam Kejriwal, Vibhu Kejriwal, Shantanu Purshottam Kejriwal and Kostuv Purshottam Kejriwal will acquire 1.59985 million shares in Pentokey Organy (India) Limited. In a related transaction, Purshottam Kejriwal, Vibhu Kejriwal, Shantanu Purshottam Kejriwal and Kostuv Purshottam Kejriwal signed a share purchase agreement to acquire 63.3% stake in Pentokey Organy (India) Limited from Somaiya Agencies Pvt Ltd, Sakarwadi Trading Co. Pvt. Ltd. and Godavari Biorefineries Ltd. for INR 31.8 million on May 14, 2021. The offerors have adequate financial resources and made firm financial arrangements for financing of the transaction. The offer will commence on July 7, 2021 and expire on July 20, 2021. As of June 30, 2021, offer period will commence from July 9, 2021 to July 23, 2021. Amit Wagle and Gaurav Khandelwal of Saffron Capital Advisors Private Limited acted as managers to the offer. Anand Bhilare of Datamatics Business Solutions Ltd acted as registrar to Pentokey Organy.
Purshottam Kejriwal, Vibhu Kejriwal, Shantanu Purshottam Kejriwal and Kostuv Purshottam Kejriwal completed the acquisition of 0.006154% stake in Pentokey Organy (India) Limited (BSE:524210) for INR 0.003 million on July 23, 2021.
Pentokey Organy (India) Limited is an India-based company, which is engaged in the business of trading organic chemicals. The Company is a manufacture, produce, formulate, process, refine, recovery, extract, distill, concentrate, dilute, rectify, convert, replace, grow, cultivate, pack, repack, buy, sell, export, import, or otherwise deal in all types of heavy and light organic. The Companyâs products include Acetic Acid, Ethyl Acetate, Acetaldehyde and Butyl Acetate. Acetic Acid is used for the manufacturing of PTA, VAM and Ester, acetic anhydride, textile processing, leather tanning, pharmaceuticals and pesticides. Its Ethyl Acetate is used for Printing Inks, Paints and Coatings, Laminates, Aluminum Foil, Pesticides and Pharmaceuticals. Its Acetaldehyde is used for the manufacture of Crotonaldehyde Glyoxal and the production of perfumes, polyester resins and basic dyes. Its Butyl Acetate is used for Pharmaceuticals, Coatings, Lacquers, Paints and Solvents.
Purshottam Kejriwal, Vibhu Kejriwal, Shantanu Purshottam Kejriwal and Kostuv Purshottam Kejriwal completed the acquisition of 0.006154% stake in Pentokey Organy Limited for INR 0.003 million.