Special Situations & Event Driven › Sub-category
Open Offer / Takeover Battle
20 articles
A wave of corporate control changes is sweeping through Indian companies, driven by both domestic and international investors. Several open offers are underway or have recently concluded, including those by DP Global Wealth for AMPL Capital, Arco Leasing for Arco Leasing, and Gulshankumar Chopra for Niraj Cement, reflecting shifts in ownership and management. Simultaneously, companies like Sanginita Chemicals, Pankaj Polymers, and Glittek Granites are seeing promoters reclassified to the public category following completed acquisitions, while others, such as Lykis Limited, are undergoing significant restructuring and name changes. These developments highlight a dynamic M&A landscape and potential for further consolidation within the Indian corporate sector, creating both opportunities and risks for investors as control transitions reshape company strategies and governance.
Dugar Family's ₹54/Share Open Offer for 26% of Colinz Labs
Mandatory open offer by Annjana, Likhitta, and Antariksh Dugar with PAC Padam Dugar to acquire up to 6,54,966 shares (26%) of Colinz Laboratories at ₹54 per share, aggregating ₹3.53 crore.
Offer trigg
Mark Corporate Advisors Antariksh Open Offer DPS Published
Mark Corporate Advisors published a Detailed Public Statement for an open offer to acquire up to 26% stake in Antariksh Industries Ltd.
The offer follows a Share Purchase Agreement to buy 9.10% from a
Oxford Industries Open Offer Accepts Only 6 Shares
Saroj Kumar Choudhury's open offer for 26% of Oxford Industries closed with only 6 shares tendered versus 15.45 lakh offered.
The acquirer paid consideration on July 2, 2026, following the offer perio
AMPL Capital Open Offer Corrigendum: Market Purchase Trigger
• Corrigendum modifies public announcement for open offer to acquire 26% stake in AMPL Capital Limited from public shareholders.
• Open offer triggered by Acquirer-1's market purchase of 616,264 equit
Pankaj Polymers Promoters Reclassified to Public
Pankaj Polymers Ltd discloses promoter reclassification to public category under SEBI LODR Regulation 31A(10) post open offer completion.
Nine promoter entities, holding 58.18% pre-offer, now hold 0%
Glittek Granites Promoters Sell 62.99% Stake
• Sellers including Kosen Ventures sold 1.63 crore shares (62.99% stake) in Glittek Granites via off-market transaction.
• Transaction executed under January 2026 SPA with acquirers from Thanki family
Antariksh Industries Open Offer for 26% at ₹86/Share
• Open offer triggered by Mr. Alpitkumar Gor and Riddhi Infocom LLP to acquire 26% of Antariksh Industries' emerging voting capital at ₹86 per share.
• Offer follows a share purchase agreement for 6.2
Glittek Granites Promoters Reclassified to Public
Glittek Granites intimates BSE of promoter reclassification to public shareholders effective June 26, 2026.
Acquirers completed acquisition of 62.99% stake via SPA and 26% open offer at ₹12.65 per sha
Antariksh Industries Promoter Sells 73.48%, Preferential Issue Approved
Board approved a Share Purchase Agreement for existing promoter Gitaben Patel to sell her 73.48% stake to Riddhi Infocom LLP and Alpitkumar Gor.
Board approved a preferential issue of 22.25 lakh share
Lykis Limited FY26 Profit Surges 148% Amid Ownership Change
Lykis Limited reported 148% YoY net profit growth to ₹6.48 crore in FY26 with revenue of ₹39.66 crore driven by strong export performance.
Promoter Nadir Dhrolia sold 67.17% stake to Parshav Vatika LL
Gulshankumar Chopra Niraj Cement 26% Open Offer
Gulshankumar Chopra launches mandatory open offer for 26% stake (1.55 crore shares) in Niraj Cement Structurals at ₹29/share.
Offer triggered by acquisition of 41.04% from two public shareholders via
Novartis India 26% Open Offer at ₹860.64/Share
Acquirers announce mandatory open offer for 26% of Novartis India shares at ₹860.64 per share.
Independent Directors Committee recommends the offer as fair per SEBI pricing regulations.
Tendering peri
Filtron Engineers Open Offer Completed, Promoters Reclassified
Filtron Engineers Ltd completed an open offer, resulting in new acquirers taking control of the company.
Four erstwhile promoter entities transferred all their shares to the acquirer(s) as part of the
Restaurant Brands Asia Receives CCI Approval for Control Acquisition
Restaurant Brands Asia received CCI approval for a complex transaction involving preferential issue and share purchase.
Acquirers led by Lenexis Foodworks will inject ₹900 crore via equity and ₹600 cr
Fairfax India Invests ₹2000 Crore in IIFL Capital
Fairfax India invests ₹2000 crore via preferential allotment at ₹350 per share to acquire minimum 51% stake in IIFL Capital.
Transaction triggers open offer and requires shareholder and regulatory app
Rikhav Securities Open Offer for 26% at ₹47.75/Share
Sobhagya Capital appointed as manager for an open offer by the Lakhani family acquirers and PACs for Rikhav Securities.
Offer triggered by market purchases exceeding 5% creeping limit, requiring acqui
Sharp India Promoter Sells 75% Stake
Sharp Corporation Japan executed a Share Purchase Agreement to sell its entire 75% stake (1.94 crore shares) in Sharp India Limited to Smart Services Private Limited for ₹19.46 crore.
The transaction
Magnum HoldCo Kwality Open Offer 26% at INR 21.33
Kwality Wall's received Letter of Offer for mandatory open offer by Magnum HoldCo 1 Netherlands B.V. to acquire 26% equity shares at INR 21.33 per share.
The open offer follows completion of underlyin
Aica Kogyo's ₹2,250/Share Stylam Open Offer
Aica Kogyo Company Limited is making a mandatory open offer to acquire up to 26% (44,06,496 shares) of Stylam Industries Limited at ₹2,250 per share, triggered by share purchase agreements with existi
Senthil Infotek Open Offer Triggered by 62.9% Acquisition
Senthil Infotek Ltd discloses a mandatory open offer for 26% of shares at ₹8 per share, triggered by a Share Purchase Agreement.
Acquirers Kolli Murali Krishna and Gogineni Srinivas will acquire 62.9%