Open offer at ₹60.00 per share for up to 26.00% stake; 56.92% agreed to be acquired via share purchase agreement

Aikyam Financial Services Private Limited has announced an open offer for up to 11,85,002 equity shares (26.00%) of Inani Securities Ltd at ₹60.00 per share.

Mon 12 Oct 2026

Open Offer Size

up to 11,85,002 equity shares (26.00%)

Open Offer Price

₹60.00 per share

Total Consideration

₹7,11,00,120

What the announcement is

Bonanza Portfolio Ltd, as Manager to the Offer, has submitted a Public Announcement to BSE for an open offer made by Aikyam Financial Services Private Limited to the public shareholders of Inani Securities Ltd.

Offer details

• Offer size: up to 11,85,002 equity shares, representing 26.00% of the equity and voting share capital of Inani Securities Ltd.
• Offer price: ₹60.00 per equity share of face value ₹10.00 each.
• If the offer is accepted in full, the total consideration payable by the acquirer works out to ₹7,11,00,120.
• The offer price will be paid in cash.
• This is a triggered/mandatory offer under the SEBI (SAST) Regulations, 2011.

What triggered the open offer

The acquirer has entered into a Share Purchase Agreement dated Monday, October 12, 2026 with the selling shareholders to acquire 25,94,214 equity shares of ₹10.00 each, representing 56.92% of the equity and voting share capital, at ₹60.00 per share, aggregating ₹15.57 crore, subject to the terms and conditions set out in the SPA.

Once this underlying transaction is completed, the acquirer will take control of Inani Securities Ltd and will be identified as part of its promoter group. The sellers will then hold no equity shares of the target company and will be reclassified out of the promoter and promoter group category.

The sellers are the existing promoters of the target company. The announcement notes that Mr. Venugopal Inani, one of the promoters, passed away on December 29, 2022, and the shares held by him continue to remain registered in his name pending completion of transmission formalities in favour of Mrs. Pramila Devi Inani, the registered nominee.

About the acquirer

• Name: Aikyam Financial Services Private Limited, belonging to the Aikyam Capital Group.
• Persons in control: Mr. Nilesh Jugalkishore Choudhary and Ms. Megha Nilesh Choudhary.
• Pre-transaction shareholding in the target company: Nil.
• Shareholding after the SPA acquisition which triggered the open offer: 25,94,214 shares, or 56.92%.

Other points to note

• The acquirer intends to retain the listing status of the target company; no delisting offer is proposed.
• The offer is not conditional upon any minimum level of acceptance.
• The Detailed Public Statement is to be published in newspapers on or before Monday, 19th October, 2026.
• As the target company is a SEBI registered stock broker, clearing member, trading member of BSE and NSE and a depository participant, the acquisition of shares and control by the acquirer is subject to approval from SEBI, BSE, NSE, CDSL and the relevant Clearing Corporation(s).

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.