PPG International Limited made an offer to acquire 26% stake in Mediaone Global Entertainment Limited (BSE:503685) for INR 7.7 million on July 29, 2022. Under the deal, PPG made an offer to acquire approximately 3.83 million equity shares for a price of INR 2 per share. The acquisition will be financed through the internal resources of PPG and no borrowings from any bank and/or financial institution are envisaged.

The deal is expected to close on January 23, 2023. KUNVARJI FINSTOCK PRIVATE LIMITED acted as manager and CAMEO CORPORATE SERVICES LIMITED acted as registrar to the PPG International Limited.