Company Update

Invade Agro Limited has announced a board meeting to discuss an open offer for acquiring up to 19.47 lakh equity shares (26%) of Chambal Breweries and Distilleries Limited at Rs. 6 per share, aggregating Rs. 1.17 Cr if fully accepted.

The Detailed Public Statement for this offer has been published across multiple newspapers.

This open offer aims to increase Invade Agro’s stake in Chambal Breweries, impacting shareholding patterns and potentially influencing future corporate control and strategic decisions relevant to shareholders.