Tag
Rakesh Ramanlal Shah
5 articles
Rakesh Shah and Komal Infotech are undertaking a mandatory open offer to acquire a 26% stake in ECS Biztech Limited at ₹10.50 per share, following their recent acquisition of a 65.42% controlling stake from promoters. This open offer, managed by Beeline Capital Advisors, aims to bring the total ownership to 91.42%, although initial responses have been minimal, with only 715 shares tendered so far. The transaction, requiring an escrow deposit of ₹5.62 crore, is structured to facilitate control and potential board reconstitution, and is not conditional on minimum acceptance, suggesting a strategic move to consolidate influence within the company.
ECS Biztech Open Offer for 26% at ₹10.50
Beeline Capital Advisors submits post-offer advertisement for completed open offer for ECS Biztech Limited.
Open offer aimed to acquire 26% stake (53.44 lakh shares) at ₹10.50/share but only 715 share
ECS Biztech Open Offer for 26% at ₹10.50/share
Beeline Capital Advisors submits pre-offer advertisement and corrigendum for an open offer to acquire 26% of ECS Biztech Limited.
The offer price is set at ₹10.50 per equity share, deemed fair and rea
Rakesh Shah ECS Biztech Open Offer for 26% Stake
Mr. Rakesh Ramanlal Shah and Komal Infotech Private Limited launch a mandatory open offer to acquire up to 26.00% of ECS Biztech Limited's equity shares at ₹10.50 per share.
The offer, triggered by a
Rakesh Shah Open Offer for 26% ECS Biztech
Mr. Rakesh Shah and Komal Infotech launch mandatory open offer for 26% of ECS Biztech at ₹10.50/share, triggered by a separate 65.42% promoter stake acquisition.
The total open offer size is for 53,44
ECS Biztech Open Offer for 26% at ₹10.50/Share
Beeline Capital Advisors appointed as Manager to the Offer for an open offer by Rakesh R. Shah and Komal Infotech to acquire up to 53.44 lakh shares (26%) of ECS Biztech at ₹10.50 per share.
Open offe