Nilesh Malshi Savla and Meena Nilesh Savla made an offer to acquire 28.25% stake in RKD Agri & Retail Limited (BSE:511169) for INR 14.4 million on February 22, 2024. The offer is for a price of INR 1.12 for acquiring 12.9 million shares in RKD Agri. The Acquirers have confirmed that they have adequate financial resources to meet their obligations under the Open Offer and have made firm financial arrangements for financing the acquisition.

The offer is expected to close on July 12, 2024. Saffron Capital Advisors Private Limited acted as manager to the offer. Purva Sharegistry (India) Pvt.

Ltd. acted as the registrar to the offer.