Draft letter of offer shared for open offer of up to 26% of equity shares
Inani Securities has received a copy of the Draft Letter of Offer dated October 27, 2026, for an open offer by Aikyam Financial Services Private Limited (the acquirer).
By ScoutQuest · · 1 min read
- Open Offer Size
- up to ~11.85 lakh fully paid up equity shares
- % of Equity Offered
- 26% of the total equity and voting share capital
- Face Value
- Rs. 10/- each
What was shared
- The company has received a copy of the Draft Letter of Offer dated October 27, 2026.
- The offer is made by Aikyam Financial Services Private Limited, described in the update as the acquirer.
- The draft relates to an open offer under Regulations 3(1) and 4 read with 13, 14 and 15(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- The draft letter of offer was submitted to SEBI by Bonanza Portfolio Limited, a SEBI-registered merchant banker.
Size of the offer
- Up to ~11.85 lakh fully paid up equity shares.
- Face value of each share is Rs. 10/-.
- This represents 26% of the total equity and voting share capital of the company.
What an open offer is
An open offer is a public offer made to the existing shareholders of a listed company to buy their shares, and it is typically triggered under the takeover regulations when an acquirer crosses specified shareholding levels. Shareholders are free to decide whether or not to tender their shares in response.
Where this stands
This update is an update on the process. The Draft Letter of Offer has been submitted to SEBI through the merchant banker, and a copy has been placed on record by the company with the exchanges.
What shareholders may track
- Further updates by the company on the progress of the open offer.
- The terms set out in the letter of offer, including the number of shares sought, which here is up to ~11.85 lakh shares, or 26% of the total equity and voting share capital.
Also from Inani Securities
Open offer for 26.00% of equity at ₹ 60.00 per share; tendering from December 07 to December 18, 2026
27 Oct 2026
Open offer: Aikyam Financial Services to acquire up to 26% stake at Rs. 60 per share
19 Oct 2026
Open offer for 26.00% stake at Rs. 25.00 per share, up to 11,85,002 shares
19 Oct 2026
More numbers
- Equity shares sought in the open offer11,85,002
- Share of total equity and voting share capital26%
- Face value per equity shareRs. 10/-
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.