JM Financial Institutional Securities Limited ("Manager to the Open Offer") has submitted to BSE a copy of Announcement regarding Open Offer for acquisition of up to 19,14,13,630 equity shares (“Open Offer”/ “Offer”) of Pipavav Defence and Offshore Engineering Company Limited (“Target Company”) representing 26% of the equity share capital of the Target Company by Reliance Defence Systems Private Limited (the “Acquirer) along with Reliance Infrastructure Limited (the “PAC”).
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