Arnold Holdings: 14.96% Stake Sale Triggers Open Offer

Arnold Holdings Limited has announced a significant transaction where two non-promoter entities, HARIVARDHAN ENTERPRISES PVT LTD and KHATTU HOSPITALITY PVT LTD, are selling a combined 14.96% stake in the company. The sale involves 20,65,500 shares (8.69%) from the first seller and 14,90,000 shares (6.27%) from the second, totaling 35,55,500 shares. The shares are being sold at ₹12.00 per equity share to PAWANKUMAR NATHMAL MALLAWAT, a promoter, and ALLWIN SECURITIES LTD, collectively referred to as the Acquirers. This transaction is subject to conditions in the Share Purchase Agreement (SPA) and necessitates an Open Offer to the public shareholders as per SEBI Takeover Regulations.