Business
Camlin Fine Sciences Limited Announces Definitive Timetable of Its Shareholders Meeting Convened to Issue Its New Shares for the Block Acquisition in Vinpai
MUMBAI, India, September 29, 2025--Regulatory News: This press release must not be published, distributed or transmitted, directly or indirectly, in the United States of America, Australia, Canada, South Africa or Japan.
About this update from Camlin Fine Sciences Limited
[{"type":"text","content":"MUMBAI, India, September 29, 2025--(BUSINESS WIRE)--Regulatory News:","length":68,"tagName":"p"},{"type":"text","content":"This press release must not be published, distributed or transmitted, directly or indirectly, in the United States of America, Australia, Canada, South Africa or Japan.","length":168,"tagName":"p","attribs":{}},{"type":"text","content":"CAMLIN FINE SCIENCES LIMITED, a leading Indian group in shelf life solutions for flavour and health & wellness ingredients, listed on the National Stock Exchange of India Ltd and BSE Ltd. in Mumbai India ("CFSL") reminds that CFSL and the majority shareholders (the "Sellers") of VINPAI (ISIN: FR001400AXT1; ticker: ALVIN) ( "Vinpai") have on February 24, 2025 entered into a binding agreement (the "Share Purchase Agreement") for the acquisition by CFSL of a majority stake in the Company’s share capital at a price of Euro 3.60 per Vinpai share (the "Block Acquisition") as well as the issuance of convertible bonds to the benefit of CFSL representing financing necessary for the continuation of Vinpai’s business (the "Convertible Bonds"). Subject to and upon completion of the Block Acquisition, the Convertible Bonds will be converted into shares of Vinpai and CFSL shall launch a simplified cash tender offer for the remaining shares of Vinpai’s share capital (the "OPAS") at the same price of the Block Acquisition.","length":1096,"tagName":"p"},{"type":"text","content":"CFSL announces that the formalities relating to the obtaining of an Indian tax identification number (Permanent Account Number or PAN) by each Seller have been completed and the process of opening of a dematerialized account with a bank in India (DEMAT Accounts) by each of the Sellers, necessary to receive the newly ordinary shares of CFSL to be issued as consideration for payment of the Block Acquisition (the "CFSL Consideration Shares"), is nearly completed1.","length":475,"tagName":"p"},{"type":"text","content":"CFSL has been informed of a minor change in the composition of the Sellers2 group which doesn’t affect the number of Vinpai shares sold to CFSL by the Sellers. The Sellers together still hold 78.68% of the Company's share capital and 83.73% of its voting rights.","length":266,"tagName":"p"},{"type":"text","content":"Acco...