Rohit Pandey and Sunil Dutt Pandey made an offer to acquire 26% stake in Ahmedabad Steelcraft Limited (BSE:522273) from INR 57.4 million on May 03, 2024. In related transaction a share purchase agreement was signed to acquire 67.86% stake in company. The acquirers have adequate financial resources and have made firm financial arrangements for financing the acquisition of the equity shares under the open offer.

The transaction is expected to close on July 26, 2024. Kunvarji Finstock Private Limited acted as Manager To The Offer on behalf of acquirer's. Bigshare Services Pvt. Ltd. acted as the registrar to Ahmedabad Steelcraft Limited (BSE:522273).