Open offer for 26.00% stake at Rs. 25.00 per share, up to 11,85,002 shares
Open offer by Aikyam Financial Services Private Limited for Inani Securities Ltd.
By ScoutQuest · · 2 min read
- Offer size
- Up to 11,85,002 equity shares = 26.00% of the equity and voting share capital
- Offer price
- Rs. 25.00 per equity share; face value Rs. 10.00
- Offer timeline / manager
- Detailed Public Statement published Monday, October 19, 2026; Bonanza Portfolio Ltd is Manager to the Open Offer
The update is an announcement of an open offer to shareholders of Inani Securities Ltd. Aikyam Financial Services Private Limited is the acquirer, and Bonanza Portfolio Limited has been appointed Manager to the Offer.
What is being offered
- Up to 11,85,002 fully paid-up equity shares
- That equals 26.00% of the equity and voting share capital of the target company
- Face value of each share is Rs. 10.00
- Offer price is Rs. 25.00 per equity share
What an open offer means
- When an acquirer buys a large stake in a listed company and crosses the threshold set under the SEBI takeover rules, it must give the remaining shareholders a chance to exit at a stated price.
- Here the acquirer has announced the offer pursuant to the execution of a Share Purchase Agreement.
- The offer is for cash, at the price stated in the public statement.
What has been shared now
- Bonanza Portfolio Limited, as Manager to the Offer, has submitted the Detailed Public Statement.
- The statement was published in newspapers on Monday, October 19, 2026, in Financial Express (English, all editions), Jansatta (Hindi, all editions), Mumbai Lakshadeep (Marathi, Mumbai edition) and Mana Telangana (Telugu, Hyderabad edition).
- The public statement contains the schedule of activities, the background to the offer and the terms of the offer.
Key dates to note
- Opening of the offer to sell: Monday, December 15, 2026
- Closing of the offer to sell: Monday, December 28, 2026
How a shareholder can read this
- A public shareholder who wants an exit at Rs. 25.00 per share needs to use the tendering window and follow the instructions in the letter of offer and the public statement.
- The offer size of 11,85,002 shares is 26.00% of the company's equity and voting share capital, so acceptance will depend on how many shares are tendered.
- The announcement itself is a disclosure of the offer process by the Manager to the Offer; the commercial terms are those set out in the Detailed Public Statement.
Also from Inani Securities
Open offer: Aikyam Financial Services to acquire up to 26% stake at Rs. 60 per share
19 Oct 2026
Open offer at Rs. 60 per share for up to 26%; transaction will result in change of control
13 Oct 2026
Aikyam Financial Services announces open offer for 26% of Inani Securities at 60/- per share
13 Oct 2026
More numbers
- Open offer size11,85,002 Equity Shares
- Percentage of equity and voting share capital offered26.00%
- Offer price per equity shareRs. 25.00
- Face value per equity shareRs. 10.00
- Total paid-up equity share capital of target company45,57,780
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