Arnold Holdings: Open Offer for 39% stake at ₹12.50 per share

Sobhagya Capital Options Pvt. Ltd., acting as the Manager to the Offer, has submitted a Detailed Public Statement (DPS) to BSE regarding an open offer for Arnold Holdings Ltd. The offer is to acquire up to 92,72,250 equity shares, representing 39.00% of the total voting equity share capital, at a price of ₹12.50 per share. This open offer is being made by Mr. Pawankumar Nathmal Mallawat and Allwin Securities Limited, along with Keemtee Financial Services Limited as a person acting in concert. The offer is in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The total existing share capital is ₹23,77,50,000, divided into 2,37,75,000 equity shares of ₹10 each. The sellers, Harivardhan Enterprises Private Limited and Khattu Hospitality Private Limited, will sell 35,55,500 shares (14.95%) through separate sale and purchase agreements.