Post Offer Advertisement: Open Offer at Rs. 28 per share sees only 350 shares accepted
Post Offer Advertisement shared for the open offer by Mr. Ashish Begwani at Rs. 28/- per equity share.
By ScoutQuest · · 1 min read
- Offer Price
- Rs. 28/- per equity share
- Shares Tendered
- 450
- Shares Accepted
- 350 (0.01% of capital)
- Acquirer Post-Offer Holding
- 40,12,680 shares (72.58%)
- Public Shareholding Post-Offer
- 15,15,850 shares (27.42%)
What was shared
VC Corporate Advisors Private Limited, the Manager to the Offer, has submitted the Post Offer Advertisement dated September 25, 2026 to BSE. It was published in Financial Express, Jansatta, Pratahkal and Arthik Lipi on September 25, 2026, under Regulation 18(12) of the SEBI (SAST) Regulations, 2011.
The open offer
- Acquirer: Mr. Ashish Begwani (no PACs with the acquirer)
- Offer price: Rs. 28/- per equity share of face value Rs. 10/- each
- Offer size: up to 14,37,420 shares, representing 26.00% of paid-up equity and voting capital
- Value of the offer as proposed: Rs. 4,02,47,760/-
- Offer opened Friday, August 21, 2026 and closed Friday, September 04, 2026; date of payment of consideration Monday, September 21, 2026
What actually happened
- Shares tendered: 450
- Shares accepted: 350, i.e. 0.01% of capital
- Actual size of the offer: Rs. 9,800/-
- Shares acquired by the acquirer through the share purchase agreement: 40,12,680 shares, 72.58%
Shareholding after the offer
- Acquirer post-offer: 40,12,680 shares, 72.58%
- Public shareholders pre-offer: 15,16,200 shares (27.42%); post-offer: 15,15,850 shares, 27.42%
How to read this
An open offer is a mandatory offer made to public shareholders when an acquirer takes control of a company. Shareholders may choose to sell at the offer price or stay invested. Here, participation was minimal, so the acquirer's stake is effectively unchanged from the level reached through the share purchase agreement, and public shareholding remains broadly the same.
The acquirer will be classified as the new Promoter of the target company, and the existing promoters are to be reclassified in accordance with the SEBI (LODR) Regulations, 2015. The acquirer accepts full responsibility for the information contained in this advertisement.
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More numbers
- Offer price per equity shareRs. 28/- per equity share
- Shares sought in open offer14,37,420
- Open offer size as % of capital26.00%
- Proposed offer valueRs. 4,02,47,760/-
- Shares tendered450
- Shares accepted350
- Actual offer sizeRs. 9,800/-
- Shares accepted as % of capital0.01%
- Acquirer post-offer shareholding (shares)40,12,680
- Acquirer post-offer shareholding (%)72.58%
- Public shareholding post-offer (shares)15,15,850
- Public shareholding post-offer (%)27.42%
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