New Delhi, Sept. 10 -- Kama Realty, in an exchange filing on Thursday, proposed to acquire up to 32,00,000 equity shares of the chemical and polymer manufacturer SRF Limited, from parent company Kama Holdings.

The proposed acquisition, representing up to 1.08% of the company's paid-up capital.

The shares will be acquired in one or more tranches at a price linked to the closing price on the trading day immediately preceding the execution date of each tranche. The acquirer has stated that the purchase price per share will not be more than 25% above the volume-weighted average market price determined.

The volume-weighted average market price of the shares on the National Stock Exchange of India Limited over the 60 trading days preceding t...