Special Situations & Event Driven › Sub-category
Takeover Battle
5 articles
Indian corporate ownership is undergoing significant shifts as several companies face mandatory open offers following recent promoter stake acquisitions. Triggered by larger share purchases, entities like India Cements Capital, RB International Holdings, and Smart Services are now obligated to offer shares to the public, reflecting a broader trend of consolidation and control changes within the Indian market. These transactions, involving consideration ranging from ₹5.59 crore to ₹6.77 crore, highlight increased activity in M&A and potential restructuring, though the financial health of target companies like Sharp India warrants careful investor consideration as they navigate these transitions.
Shishodiyas' Open Offer for 26% of Ramgopal Polytex
Pravin Kumar and Punit Shishodiya launch mandatory open offer for 26% equity stake in Ramgopal Polytex Limited at ₹17.10 per share.
Offer triggered by acquisition of 45.46% promoter stake via Share Pu
India Cements Capital Open Offer for 26% at ₹12/Share
India Cements Capital received a Detailed Public Statement for a mandatory open offer to acquire 26% equity shares from public shareholders.
The open offer is triggered by acquirers Sandeep Jain, Vika
RB International Holdings Open Offer for RR MetalMakers
RB International Holdings, Suyog Desai, and Nikita Desai launch mandatory open offer for 26% of RR MetalMakers at ₹23.85/share.
Offer triggered by acquisition of 70.66% stake from promoters Virat Shah
Switching Technologies Gunther Takeover Completion Board Outcomes
Board approved reclassification of Guenther America Inc. from Promoter to Public category after it sold its entire 37.63% stake.
New promoters Touristas Horizons, BBU Enterprises and Nikhil Pujari now
Smart Services Open Offer for 25% of Sharp India
Smart Services Private Limited launches a mandatory open offer to acquire up to 64,86,000 equity shares (25%) of Sharp India Limited at ₹10 per share, triggered by a prior acquisition of a 75% control