Prabhhans Industries Announces Rs.22.64 Crore Open Offer
Public Announcement of Open Offer for Prabhhans Industries Limited
A public announcement (PA) has been made regarding an open offer to the public shareholders of Prabhhans Industries Limited (the "Target Company") following a proposed preferential issue expected to result in a change in control of the company.
Open Offer Announced
The acquirers have offered to purchase up to 54,82,248 equity shares, representing 15.84% of the company's expanded voting equity share capital. The offer price has been fixed at rupees 41.30 per equity share, payable in cash.
Offer Details
| Particulars | Details |
|---|---|
| Target Company | Prabhhans Industries Limited |
| Maximum Shares Under Offer | 54,82,248 equity shares |
| Offer Size | 15.84% of expanded voting equity share capital |
| Offer Price | Rupees 41.30 per share |
| Mode of Payment | Cash |
| Maximum Consideration | Approximately 22.64 crore |
What to Watch Next
Investors may track the open offer schedule, tendering period, shareholder participation and completion of the proposed preferential issue and acquisition.
The resulting promoter shareholding and post-transaction ownership structure will also be key developments to monitor.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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