Open offer at Rs. 60 per share for up to 26%; transaction will result in change of control

Open offer for Inani Securities at Rs. 60 per share.

Tue 13 Oct 2026

Offer Price

Rs. 60 per equity share, in cash, to public shareholders

Offer Size

Up to 11,85,002 equity shares, 26% of the equity and voting share capital on a fully diluted basis

Face Value

Rs. 10 per share

What has been announced

Aikyam Financial Services Private Limited has made a public announcement, through Bonanza Portfolio Limited, to acquire up to 11,85,002 fully paid-up equity shares of face value Rs. 10 each of Inani Securities Limited from its public shareholders, for cash at Rs. 60 per equity share. That is 26% of the total equity and voting share capital of the company on a fully diluted basis.

The key figures

• Up to 11,85,002 equity shares
• 26% of the total equity and voting share capital, on a fully diluted basis
• Offer price of Rs. 60 per equity share, payable in cash
• Face value of each equity share: Rs. 10

Why this update matters

The transaction will result in the acquisition of control over the company by the acquirer, and it triggers a mandatory open offer under the SEBI (SAST) Regulations, 2011. The offer is made to the public shareholders of the company.

Completion is conditional

• The transaction is subject to completion of the open offer.
• It is also subject to receipt of the applicable change-in-control approvals relating to the company's stock-broking, trading-member and depository-participant registrations.
• Other conditions precedent set out in the Share Purchase Agreement must also be satisfied.

Who is managing it

Bonanza Portfolio Limited, a SEBI-registered merchant banker, has been appointed as the Manager to the Open Offer. The public announcement has been submitted to SEBI and to the company, and is available on the BSE website, the merchant banker's website and the company's website.

What a shareholder can take away

The offer is for cash at Rs. 60 per equity share, for up to 11,85,002 shares, made to public shareholders. The change of control is conditional on the open offer completing and on the change-in-control approvals being received, along with the other conditions precedent in the Share Purchase Agreement.

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.