Tag
Takeover Regulations
9 articles
FIH Mauritius Investments has launched a significant open offer to acquire 26% of IIFL Capital Services for approximately ₹240.35 crore, priced at ₹24 per share. This move is necessitated by recent shareholding changes and requires FIH Mauritius to acquire a minimum of 51% ownership to meet regulatory requirements under SEBI’s takeover regulations. The offer period is set to run from June 13 to July 7, 2026, and is being managed by ICICI Securities. This transaction adds to a broader trend of mandatory open offers impacting several Indian companies as a result of recent acquisitions and shareholding adjustments.
Midland Polymers Open Offer for 26% at ₹10/Share
Open offer by five individual acquirers to purchase up to 97.5 lakh shares (26% stake) in Midland Polymers at ₹10 per share, triggered by preferential allotment.
Offer made pursuant to SEBI SAST Regul
Devinsu Trading Open Offer for 26% at ₹355/Share
• Acquirers Jaison Shah, Mukesh Bothra, and Yora Gems launch a mandatory open offer for 26% of Devinsu Trading at ₹355 per share.
• The offer, triggered by an SPA to acquire 29.17% from promoter Denni
Ankit Jalan Open Offer for 26% of Shah Foods
Ankit and Anuj Jalan launch mandatory open offer for 26% of Shah Foods Limited at ₹62.50/share, triggered by preferential allotment and share purchase agreement.
Offer size is 60,61,900 shares totalin
Rikhav Securities Open Offer for 26% at ₹47.75/Share
Sobhagya Capital appointed as manager for an open offer by the Lakhani family acquirers and PACs for Rikhav Securities.
Offer triggered by market purchases exceeding 5% creeping limit, requiring acqui
Manappuram Finance Open Offer Zero Acceptance Result
Post-offer advertisement discloses zero shares tendered in Bain Capital's open offer for 26% of Manappuram Finance.
Offer price was INR 248.29 per share, but no shares were acquired from public shareh
Kwality Wall's Open Offer for 26% at ₹21.33/Share
Kwality Wall's discloses open offer by Magnum HoldCo for 26% equity at ₹21.33/share, totaling acquisition of 61.09 crore shares.
Independent directors committee deemed offer price fair per SEBI SAST r
Senthil Infotek Open Offer for 26% at ₹8/Share
Senthil Infotek discloses receipt of a detailed public statement for a mandatory open offer by Kolli Murali Krishna and Gogineni Srinivas.
Acquirers will purchase up to 13.13 lakh shares (26% stake) f
Switching Technologies Gunther Open Offer IDC Recommendation
Independent Directors Committee recommends open offer by acquirers for 26% stake at ₹66/share.
Offer price of ₹66 exceeds SEBI-calculated price of ₹65.22 and negotiated price of ₹30.
Committee confirm
Senthil Infotek Open Offer Triggered by 62.9% Acquisition
Senthil Infotek Ltd discloses a mandatory open offer for 26% of shares at ₹8 per share, triggered by a Share Purchase Agreement.
Acquirers Kolli Murali Krishna and Gogineni Srinivas will acquire 62.9%