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Prataap Snacks to offload 26% stake
The Morning Standard
|October 12, 2024
AUTHUM Investment & Infrastructure and Mahi Madhusudan Kela, who bought the 47% stake of private equity (PE) firm Peak XV (formerly Sequoia Capital) in Prataap Snacks (PSL) on Friday submitted a draft letter to the stock exchange to launch the mandatory open offer for acquiring an additional 26.01% stake.
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"This offer is being made by the Acquirer along with the PAC to the Public Shareholders to acquire up to 62,98,351 equity shares representing 26.01% of the voting share capital (offer size), at an offer price of ₹864 per equity share (offer price) determined in accordance with the provisions of S
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