Perpetual Global Technologies Ltd. made an offer to acquire remaining 25% stake in Polygenta Technologies Limited (BSE:514486) on October 3, 2019. Perpetual Global Technologies Ltd. will acquire 39 million shares representing 25% that are currently held by public shareholders and consequently voluntarily delist the equity shares of Polygenta Technologies Limited. Board meeting of Polygenta Technologies Limited will be held to consider and approve the delisting proposal.

The Board of Polygenta Technologies Limited in its meeting held on October 10, 2019, had passed the resolution. As on March 3, 2020, Polygenta Technologies Limited received BSE approval. The bid acceptance period opens on March 11, 2020 and closes on March 17, 2020.

As per disclosure of March 18, 2020, the settlement date has been revised from March 17, 2020 to March 20, 2020. Keynote Financial Services Limited has been appointed by Polygenta Technologies Limited to carry out due diligence. Universal Capital Securities Private Limited was the registrar in the transaction.