Kkalpana Plastick Limited has announced an open offer for up to 14.37 lakh equity shares, representing 26.00% of the company's capital.

The acquirer, Mr. Ashish Begwani, is offering Rs. 28 per share in cash.

The Independent Directors Committee reviewed the offer and found the Rs. 28 price fair and reasonable.

Shareholders can tender their shares from August 21 until September 04. Payment for accepted shares is expected by September 21. This open offer provides an opportunity for shareholders to participate in a significant change in company ownership.