Offer to Buy – Withdrawal Offer by Shreyas Shipping & Logistics Ltd.
As per Exchange circular no. 20230929-21, Shreyas Shipping & Logistics Ltd. has issued a Withdrawal of their Buy-Back offer from Tuesday, 3rd October 2023 to Monday, 16th October 2023.
What does this mean?
An "Offer to Buy – Withdrawal Offer" is a situation where a company after making an offer to buy back shares decides to withdraw that offer. This could happen due to various reasons - including changes in market conditions, inability to meet financial or other conditions stipulated in the offer, regulatory issues, or a strategic change in decision by the bidding entity.
How does it impact you?
If you wish to withdraw your participation in the ‘Offer to Buy’ corporate action done by Shreyas Shipping & Logistics Ltd. please email us before 16th October at support@upstox.com.
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