Frontier Warehousing launches open offer for Kesoram stake
pre-market1 source ↓written by the desknot a recommendation
- in Kesoram Industries
- 26% stake
- per share
- ₹5.48
- totaling
- ₹44.22 cr
- of voting shares
- 42.80%
- each
- ₹4
Frontier Warehousing has proposed an open offer to acquire 26% stake in Kesoram Industries at ₹5.48 per share, totaling ₹44.22 cr. This follows a share purchase agreement with several promoter group entities to acquire 42.80% of voting shares at ₹4 each.
This move may enhance Frontier's logistics capabilities and influence Kesoram's market position.
Not investment advice. For informational purposes only.