Ashok Kumar Singhal made an offer to acquire 26% stake in Rotographics (India) Limited (BSE:539922) for INR 13.1 million on February 9, 2023. Under the open offer, Ashok Kumar Singhal will acquire up to 9,36,338 equity shares from the shareholders of Rotographics (India) Limited at an offer price of INR 14 per share, payable in cash. The offer is subject to the receipt of the statutory and other approvals.

The offer will open on April 10, 2023, and close on April 24, 2023. As on May 29, 2023. the Committee of Independent Directors of Amit Puri of Rotographics (India) Limited believe that the offer is fair and reasonable.

The shareholders of Rotographics (India) Limited are advised to independently evaluate the offer and take independent decision. Fintellectual Corporate Advisors Private Limited acted as financial advisor to Ashok Kumar Singhal. Rati Gupta of Skyline Financial Services Private Limited acted as registrar to Ashok Kumar Singhal.