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The Company is listed on National Stock Exchange of India Ltd. and engaged in the business of manufacturing and supplying refrigeration products and equipment. CAM also advised the Company on a joint venture with Galilei.
The transaction involves a significant stake sale, preferential allotment, and a mandatory open offer, marking a major shift in the company’s ownership structure.
On 5-7-2023, the Securities and Exchange of India (‘SEBI') notified amendments to Guidelines for Preferential Issue and Institutional Placement of Units by
1. SEBI issued circular SEBI/HO/DDHS/DDHS/CIR/P/2019/143 dated November 27, 2019, providing guidelines for the preferential issue and institutional placement of units by listed