Key Quantitative Figures & Dates

  • Open Offer Size: Up to 2,77,26,848 equity shares (26.00% of the Expanded Voting Share Capital).
  • Offer Price: ₹299.00 per share.
  • Maximum Potential Consideration: ₹829,03,27,552 (assuming full acceptance).
  • Offer Opening Date: Tuesday, July 28, 2026.
  • Offer Closing Date: Monday, August 10, 2026.
  • Date of Payment of Consideration: Monday, August 24, 2026.
  • Actual Shares Tendered & Accepted: 1,669 Equity Shares.
  • Actual Consideration Paid: ₹4,99,031.
  • Acquirer's Holding Post-Offer: 1,669 shares (0.00%), to be transferred to PAC.
  • PAC's Holding Post-Offer: Nil (0.00%) shares directly. The 1,669 shares acquired are held by Acquirer temporarily.

Parties Involved

  • Acquirer: Anupam Rasayan India Limited
  • Person Acting in Concert (PAC): Mates Visa Consultancy Private Limited
  • Target Company: Bliss GVS Pharma Limited
  • Manager to the Offer: SBI Capital Markets Limited
  • Registrar to the Offer: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
  • Sellers (Underlying SPA): Narsimha Shibroor Kamath, Gautam Rasiklal Ashra, Arjun Gautam Ashra

Underlying Share Purchase Agreement (SPA) Details

  • The open offer was triggered by a separate Share Purchase Agreement (SPA).
  • The PAC is obligated to acquire a minimum of 4,58,03,024 Equity Shares (42.95% of equity share capital as on date) from the Sellers.
  • The Acquirer has a call option to acquire any or all of an additional 51,81,571 Equity Shares (Option Shares, 4.88% of equity share capital) from the Sellers at ₹299.00 per share on the Closing Date.
  • If the Option Shares are not fully acquired at closing, the Acquirer has a subsequent call option to acquire the residual shares (Retained Shares) between 6-12 months from closing or on the first anniversary, at the prevailing market price (with a floor price of ₹299.00 if market price is lower).
  • Status: The Underlying Transaction (SPA) is yet to be consummated and will be completed within the timelines prescribed under the SEBI SAST Regulations.

Post-Offer Shareholding Impact

  • Pre-Offer Public Shareholding: 5,56,49,027 shares (52.18%).
  • Post-Offer Public Shareholding (if full offer accepted): 2,79,22,179 shares (26.18%).
  • Actual Post-Offer Public Shareholding: 5,56,47,358 shares (52.18%) – minimal change due to low acceptance.
  • The 1,669 shares acquired in the open offer were credited to the Acquirer's demat account. The Acquirer shall transfer these shares to the PAC in due course as per applicable law.

Responsibility and Availability

  • The Acquirer and PAC accept full responsibility for the information in the advertisement (except information from public sources or provided/confirmed by the Target Company/Sellers).
  • The advertisement is also available on the websites of SEBI, BSE, NSE, and the Target Company (www.blissgvs.com).