R G Family Trust, Sameer Gupta, and Sundeep Gupta launch an open offer to acquire 5,46,000 shares (26%) of Fabino Enterprises at ₹20 per share.
The offer is triggered by a Share Purchase Agreement to acquire 56.82% of Fabino from its promoter group for ₹18 per share.
Total offer consideration is ₹1.09 crore, funded through internal resources, with an escrow of ₹30 lakh established.
Post-acquisition, acquirers' holding will reach 82.82%, reducing public shareholding below the mandated 25% minimum.