Post-offer advertisement: 5,79,417 equity shares tendered and accepted in ₹15 per share open offer
Post-offer advertisement for the open offer has been shared.
- Offer Price
- ₹15 per equity share
- Shares Tendered and Accepted
- 5,79,417 equity shares
- Post-offer Holding of Acquirer
- 22.15%
Post-offer advertisement: the final numbers
Mitshi India Ltd has submitted the post-offer advertisement for the open offer made by Mr. Karronn Naresh Bajaj to the eligible equity shareholders of the company. The advertisement sets out the shares tendered and accepted after the offer closed.
What was on offer
- Up to 22,88,000 equity shares, representing 26% of the total voting share capital
- Offer price of ₹15 per equity share
- Made to the eligible equity shareholders of the target company
What the advertisement shows
- Equity shares tendered: 5,79,417
- Equity shares accepted: 5,79,417
- Size of the Offer: ₹86,91,255 (number of shares multiplied by the offer price)
- Shares acquired by way of a share purchase agreement: 13,70,070
- Post-offer shareholding of the acquirer: 22.15%
- Public shareholding after the offer: 68,50,513 equity shares
Reading the numbers
The offer sought 22,88,000 equity shares. The shares tendered and the shares accepted are both stated as 5,79,417, so the quantity that came in through the offer is that figure, and all of it was accepted.
The acquirer's stake before the offer came by way of a share purchase agreement covering 13,70,070 shares. After the offer, the acquirer holds 22.15% of the total voting share capital. The public shareholding after the offer stands at 68,50,513 equity shares.
Timeline of the offer
- Offer opened: Thursday, September 03, 2026
- Offer closed: Thursday, September 17, 2026
- Payment of consideration: Thursday, October 01, 2026
The advertisement was issued by Srujan Alpha Capital Advisors LLP, the manager to the open offer, on behalf of the acquirer, and a copy is available on the websites of SEBI, BSE, the manager to the offer and the registered office of the target company.
Also from Mitshi India
Manager to the Offer files post-offer advertisement: open offer for 22,88,000 shares (26%) at ₹15 each
9 Oct 2026
Proceedings of 36th AGM: 10 resolutions put to e-voting; auditors' reports carry qualifications
29 Sep 2026
More numbers
- Offer price per equity share₹15/- per equity share
- Equity shares sought in the open offer22,88,000 equity shares
- Open offer as % of total voting share capital26%
- Equity shares tendered and accepted5,79,417 equity shares
- Size of the Offer (actual)₹86,91,255/-
- Shares acquired by way of SPA13,70,070
- Post offer shareholding of Acquirer with PACs22.15%
- Public shareholding post offer68,50,513
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