Key Dates
- Date of Disclosure Letter: 8th July, 2026
- Detailed Public Statement Publication Date: Tuesday, 10th March, 2026
- Offer Opening Date: Tuesday, 9th June, 2026
- Offer Closing Date: Monday, 22nd June, 2026
- Last Date of Payment of Consideration: Tuesday, 7th July, 2026
- Post-Offer Advertisement Date: 7th July, 2026
Offer Details
- Target Company: Grand Foundry Limited (GFL)
- Acquirer: SAR Televenture Limited
- Manager to the Offer: D & A Financial Services (P) Limited
- Registrar to the Offer: Beetal Financial & Computer Services (P) Ltd.
- Offer Price: ₹2.50 per share
Acquisition Results
| Metric | Proposed in Offer Document | Actual |
| Aggregate Number of Shares Tendered | 79,11,800 | 910 |
| Aggregate Number of Shares Accepted | 79,11,800 | 910 |
| Size of the Offer (Value) | ₹1,97,79,500 | ₹2,275 |
Shareholding Details
Pre-Offer Shareholding
- Acquirer and PACs held 0 shares (0%) before agreements/public announcement
Acquisition by Agreement
- Shares acquired by agreement: 2,13,51,740 shares (70.17%)
- Note: These shares have not yet been transferred to the acquirer's name
Open Offer Acquisition
- Shares acquired through open offer: 910 shares (0.003%)
Post-Offer Shareholding
- Acquirer and PACs: 2,13,52,650 shares (70.17%)
- Public Shareholding:
- Pre-offer: 90,73,980 shares (29.82%)
- Post-offer: 90,77,350 shares (29.83%)
Publication Details
The Detailed Public Statement was published in Financial Express (English-All Editions), Jansatta (Hindi-All Editions), and Mumbai Lakshadweep (Marathi) on 10th March, 2026. The post-offer advertisement was published in the same publications.