Corporate Actions & Capital Structure › Sub-category
Open Offer / Takeover Battle
5 articles
Recent takeover activity in India highlights a mixed landscape for investors. Several companies are facing open offers, triggered by acquisitions exceeding regulatory thresholds or strategic investment initiatives. Ortin Global is undergoing an open offer for a 26% stake at ₹14.65 per share, while Switching Technologies faces an open offer at ₹66, recommended by its Independent Directors. Notably, the open offer for Sammaan Capital received virtually no share tenders, underscoring potential challenges in securing shareholder support. The Lakhani Group's open offer for Rikhav Securities, priced at ₹47.75 per share, demonstrates the regulatory framework's impact on creeping acquisitions, potentially reshaping ownership structures and influencing future corporate actions.
Ortin Global Open Offer Identified Date Set
Manager to the Open Offer, Rarever Financial Advisors, informs BSE of the Identified Date for the offer.
The Identified Date of May 21, 2026, will determine shareholders eligible to receive the Letter
Sammaan Capital Open Offer Receives 290 Share Tenders
Open offer by Avenir Investment and IHC Capital for 26.05% stake in Sammaan Capital receives only 290 equity shares tendered.
Tendered shares represent 0.00% of the total offer size of 34.17 crore sha
Sammaan Capital Open Offer Receives Zero Share Tenders
Open offer by Avenir Investment and IHC Capital for 26.05% of Sammaan Capital received zero equity share tenders from public shareholders.
The offer size was 34.17 crore equity shares, but no shares w
Lakhani Group Open Offer for 26% of Rikhav Securities
Sobhagya Capital appointed as manager for mandatory open offer by B D Lakhani, B N Lakhani, H D Lakhani, and N D Lakhani for Rikhav Securities.
Offer triggered by market purchases totaling 32,51,200 s
Switching Technologies Gunther Open Offer IDC Recommendation
Independent Directors Committee recommends open offer by acquirers for 26% stake at ₹66/share.
Offer price of ₹66 exceeds SEBI-calculated price of ₹65.22 and negotiated price of ₹30.
Committee confirm