Corporate Actions & Capital Structure › Sub-category
Open Offer / Takeover Battle
6 articles
Recent takeover activity in India highlights varied outcomes and regulatory triggers. Open offers, mandated by SEBI’s Substantial Acquisition of Shares and Takeovers (SAST) Regulations, are being utilized to acquire stakes in companies like Rikhav Securities and Switching Technologies, with Lakhani Group and acquirers respectively seeking to increase their holdings. However, offers for Sammaan Capital have yielded minimal interest from public shareholders, underscoring potential investor disengagement or concerns about the offer price. These developments underscore the complexities of Indian takeover regulations and the diverse responses from shareholders, potentially impacting future M&A activity and investor sentiment.
Fabino Enterprises Open Offer for 26% Stake
RG Family Trust launches open offer for 5.46 lakh Fabino Enterprises shares at ₹20 per share.
Independent directors committee deems the ₹20 per share offer price fair and reasonable.
Offer schedule re
Noble Polymers Open Offer Identified Date Set
Kunvarji Finstock announces June 25, 2026 as Identified Date for Noble Polymers open offer.
Acquirers Mahesh Odedra and Hiren Odedra offer to buy 22.76 lakh shares at ₹5 each.
Open offer represents 26
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