Transaction Details
Skybridge Interactive LLP ('Acquirer') entered into a Share Purchase Agreement dated February 25, 2026 with promoter sellers to acquire 3,92,00,000 equity shares representing 74.67% of the equity and voting share capital of Baba Arts Limited ('Target Company').
Concurrently, the Acquirer made an open offer to public shareholders of Baba Arts Limited for acquisition of up to 1,32,92,000 fully paid-up equity shares of face value ₹1.00 each, representing 25.32% of the equity and voting share capital, at an offer price of ₹6 per equity share.
Offer Timeline
- Date of Opening of the Offer: Tuesday, June 09, 2026
- Date of Closing of the Offer: Monday, June 22, 2026
- Date of Payment of Consideration: Tuesday, July 07, 2026
Actual Offer Results vs Proposed
| Particulars | Proposed in Offer Document | Actuals |
| Offer Price | ₹6 | ₹6 |
| Aggregate number of Shares tendered | 1,32,92,000 | 602 |
| Aggregate number of Shares accepted | 1,32,92,000 | 602 |
| Size of the Offer (Value) | ₹7,97,52,000 | ₹3,612 |
Shareholding Changes
Acquirer's Shareholding:
- Pre-offer holding: 0 shares (0.00%)
- Shares acquired via SPA: 3,92,00,000 shares (74.67%)
- Shares acquired via open offer: 602 shares (0.001%)
- Post-offer shareholding: 3,92,00,602 shares (74.67%)
Public Shareholding:
- Pre-offer holding: 1,32,92,000 shares (25.32%)
- Post-offer holding: 1,32,99,398 shares (25.33%)
Additional Information
The offer size was restricted to 25.32% (instead of the regulatory minimum 26.00%) as it represents the entire public shareholding available in the company.
Bonanza Portfolio Limited served as Manager to the Offer with SEBI Registration Number INM000012306.
Purva Sharegistry (India) Private Limited served as Registrar to the Offer.