Special Situations & Event Driven › Sub-category
Open Offer / Takeover Battle
32 articles
Zenrock Chemicals Open Offer for Indo Borax 26%
• Zenrock Chemicals launched a mandatory open offer for 26% (83,43,400 shares) of Indo Borax at ₹256.30/share, totalling ₹213.84 crore maximum consideration.
• Acquirer and PACs (Edelweiss-managed AIF
Arco Leasing Open Offer: Kothari & Jaiswal Acquire 25.57%
• Mandatory open offer by Mr. Jitesh Kothari and Mr. Atul Jaiswal to acquire 27,74,970 shares (25.57% of expanded capital) of Arco Leasing Limited at ₹10/share, totalling ₹2.77 crore.
• Underlying tra
Krishna Capital EGM: Preferential Issue, Control Change
• Krishna Capital & Securities Ltd has convened an EGM on April 25, 2026, to approve four special business items including a ₹60 crore preferential issue.
• The company proposes to issue 3,00,00,000 e
Asgard Alcobev Open Offer IDC Recommends Acceptance
Asgard Alcobev's Independent Directors' Committee recommends acceptance of the open offer at Rs. 1.45 per share under SEBI SAST Regulations, 2011.
Acquirers Ronak Jain, Sarita Jain, Priyanka Jain, and
Megamont Ltd Promoter Stake Sale to New Promoters
Megamont Limited discloses execution of Share Purchase Agreement under SEBI LODR Regulations 30 and 30A.
Existing promoter Faze Three Limited agrees to sell its entire shareholding to Ms. Mounica Madd
Megamont Ltd Promoters Seek Public Reclassification
Megamont Limited received reclassification requests from 6 promoter/promoter group entities to move to 'Public' category under Regulation 31A of SEBI LODR.
The reclassification follows Faze Three Limi
TMICC Completes 61.9% Acquisition of Kwality Wall's
The Magnum Ice Cream Company (TMICC) completed acquisition of 61.9% equity shares of Kwality Wall's (India) Limited (KWIL) under a Share Purchase Agreement with Unilever dated June 25, 2025.
KWIL will
RGF Capital Markets EGM Addendum: Auditor Change, Shareholding Correction
RGF Capital Markets issued an Addendum cum Corrigendum to its EGM Notice (March 10, 2026) for the April 09, 2026 EGM.
M/s. Beriwal & Associates resigned as statutory auditor on March 27, 2026; M/s. Ar
Grameva Ltd Open Offer 26% Stake at ₹30
Three acquirers launch open offer for 12,47,844 equity shares (26%) of Grameva Limited at ₹30 per share.
Tendering period runs April 1–16, 2026; payment of consideration due by April 30, 2026.
Acquire
Sanginita Chemicals 26% Open Offer at ₹13.55
BNG Investment LLC and Anubhav Agarwal launch open offer for 1,56,89,957 shares (26%) of Sanginita Chemicals at ₹13.55/share.
Offer triggered by SSPA dated 20th March 2026, involving secondary acquisi
Bain Capital Acquires 9.89% in Manappuram Finance
BC Asia Investments XXV Limited was allotted 9,29,01,373 equity shares of Manappuram Finance at INR 236 per share via preferential allotment on March 27, 2026.
BC Asia Investments XIV Limited was simu
Bain Capital Acquires 9.89% Stake in Manappuram Finance
BC Asia Investments XXV Ltd (Bain Capital) was allotted 9,29,01,373 equity shares of Manappuram Finance at ₹236 per share via preferential allotment on March 27, 2026.
BC Asia Investments XIV Ltd was
SFAL Open Offer to Delist Nilachal Refractories at ₹22
SFAL Speciality Alloys Limited filed a composite open offer cum delisting offer for Nilachal Refractories Limited at ₹22/share covering 59,83,928 shares (29.39% voting capital).
Acquirer entered SPA o
Midland Polymers Open Offer 26% Stake Acquisition
• Five acquirers launch open offer for 97.5 lakh shares (26%) of Midland Polymers Ltd at Rs. 10/share, totaling Rs. 9.75 crore.
• Offer triggered by Board-approved preferential allotment of 2,38,31,24
SAT Interim Order Continues in Trucap Open Offer
Sundae Capital Advisors updates NSE and BSE on SAT proceedings related to the open offer for Trucap Finance Limited.
SAT heard the matter on March 25, 2026, granted appellant two weeks to file a rejoi
Brijlaxmi Leasing Open Offer SEBI Observation Letter Received
Brijlaxmi Leasing filed this disclosure under Regulation 30 of SEBI (LODR) Regulations, 2018, updating on its Open Offer process.
SEBI issued its observation letter dated March 23, 2026, on the Draft
Harmony Capital Postal Ballot Error Correction
Harmony Capital Services Ltd corrects inadvertent errors in promoter shareholding data in its postal ballot notice dated 20 November 2025.
Pre-issue promoter holding corrected from 21,91,760 shares (7
JMG Corporation Open Offer Post-Completion: 52.64% Acquired
Mr. Neerav Bairagi completed JMG Corporation open offer acquiring 37,10,644 shares (16.02%) at ₹5.30/share, paying ₹1.97 crore.
Post-offer, Acquirer holds 52.64% (1,21,90,975 shares) in JMG Corporatio
Krishna Capital Open Offer at ₹20 by Bishnoi & Tank
• Ashu Bishnoi and Yagnik Tank launch mandatory open offer for 18,04,508 shares (5.44% of emerging voting capital) of Krishna Capital and Securities Ltd at ₹20/share.
• Underlying transactions include
Netlink Solutions Promoters Seek Reclassification to Public
Netlink Solutions (India) Ltd (Scrip: 509040) received reclassification requests from promoters Mr. Minesh V. Modi and Mrs. Rupa Minesh Modi to move to public category.
The reclassification follows Ar
Krishna Capital Preferential Issue, Change in Control
Krishna Capital's Independent Directors approved preferential allotment of 3 crore equity shares at Rs. 20/- per share.
Two allottees, Mr. Ashu Bishnoi and Mr. Yagnik Tank, to be classified as promote
Krishna Capital Promoter Stake Sale, Open Offer Triggered
Board approved SPA for sale of 42.87% promoter stake (13,53,892 shares) to new acquirers at Rs. 20 per share.
Preferential issue of up to 3 crore equity shares at Rs. 20/share approved, aggregating Rs
Jupiter Infomedia: Netlink Open Offer, Directors Resign
Arix Capital and two acquirers launched a 26% open offer for Netlink Solutions under SEBI SAST Regulations 2011.
The open offer was triggered by acquirers purchasing 51% of Jupiter Infomedia's paid-up
CDG Petchem Promoter Dugar Family Reclassified Public
• CDG Petchem Limited discloses reclassification of 7 Dugar family promoters to public category under Regulation 31A(10) of SEBI LODR, 2015.
• All seven promoters collectively held ~62.1% pre-offer; p
Jupiter Infomedia Promoters Seek Reclassification to Public
• Promoters of Jupiter Infomedia Ltd filed reclassification requests from 'Promoter/Promoter Group' to 'Public Category' under Regulation 31A(10) of SEBI LODR on March 26, 2026.
• Reclassification fol
Jupiter Infomedia Management Change Post Acquisition
• Acquirers Arix Capital Limited and Mrs. Kajal Gopal Baldha acquired 51,10,000 shares (~51% voting capital) completing change of control.
• Founding CMD Mr. Umesh Modi and WTD & CFO Mrs. Manisha Modi
Grameva Ltd Open Offer at Rs. 30/Share
• Three acquirers (Mrs. Maneesha Singh, Jagsakti Merchandise Pvt Ltd, Ros Advisory Pvt Ltd) are making a mandatory open offer to acquire 26% of Grameva Limited at Rs. 30/share.
• The offer, aggregatin
Advani Hotels Special Window Physical Share Demat
Advani Hotels & Resorts filed a regulatory notice announcing SEBI's Special Window for physical share transfer/demat open from February 5, 2026 to February 4, 2027.
Aar Shyam India Investment Company'
Sammaan Capital Gets RBI Nod for ₹8,850 Cr Acquisition
RBI approved Avenir Investment RSC Ltd's proposed acquisition of controlling stake in Sammaan Capital Limited on March 24, 2026.
Investor to infuse ~₹8,850 crore via preferential issue, acquiring ~41.
Harmony Capital Postal Ballot Error Correction
Harmony Capital Services corrects an inadvertent error in its postal ballot notice dated 20th November, 2025 regarding a preferential equity issue.
Corrected disclosure reveals pre-issue promoter hold
Bain Capital Open Offer for Manappuram Finance 26%
BC Asia Investments XXV (Bain Capital) launches mandatory open offer for 26% of Manappuram Finance at INR 236 plus INR 12.29 interest per share.
Maximum total consideration is INR 6,063.92 crore; tend
Swarnsarita Jewels Open Offer 22.97% at ₹32.15
Voluntary open offer under Regulation 6 of SEBI (SAST) Regulations 2011 to acquire up to 47,94,987 equity shares (22.97%) of Swarnsarita Jewels India Limited at ₹32.15/share.
Maximum offer considerati