Open Offer18 Sept 2026, 10:29 am
Arnold Holdings: Corrigendum Issued for Open Offer Announcement
AI Summary
Arnold Holdings Limited has issued a corrigendum to its Public Announcement dated September 08, 2026, regarding an open offer. The corrigendum clarifies an inadvertent omission of the name and shareholding details of Keemtee Financial Services Limited, a Person Acting in Concert (PAC) with the acquirers, Mr. Pawankumar Nathmal Mallawat and Allwin Securities Limited. The open offer aims to acquire up to 92,72,250 equity shares, representing 39.00% of the total equity share capital, at an offer price of ₹12.50 per share. This action is in compliance with SEBI (SAST) Regulations, 2011, and the omission does not alter the transaction's core details or the obligation to make the offer.
Key Highlights
- Corrigendum issued for open offer announcement by Arnold Holdings.
- PAC's details were inadvertently omitted from the original announcement.
- Open offer for 39% stake at ₹12.50 per share.
- Acquisition triggers SEBI (SAST) Regulations compliance.
- Transaction details and offer obligation remain unchanged.
Price Impact
More from ARNOLD