Acquisitions5 Mar 2026, 01:23 pm
Bonanza Portfolio Acquires 25.32% Equity Shares in Baba Arts Ltd from Public Shareholders
AI Summary
Bonanza Portfolio Ltd, the Manager to the Open Offer, has submitted a copy of the Detailed Public Statement to BSE. The statement is in accordance with Regulations 3(1), 4, 13(4), 14(3), and 15(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The company has acquired 2,92,000 Equity Shares, representing 25.32% of the Equity and Voting Share Capital of Baba Arts Ltd from public shareholders. The Detailed Public Statement has been published in today’s newspaper, i.e., Thursday, March 05, 2026, in Financial Express (English daily-All India Editions), Jansatta (Hindi daily-All India Editions), Mumbai Lakshadeep (Marathi Daily - Mumbai Edition).
Key Highlights
- Bonanza Portfolio Ltd has acquired 2,92,000 Equity Shares of Baba Arts Ltd from public shareholders.
- The acquisition represents 25.32% of the Equity and Voting Share Capital of Baba Arts Ltd.
- The acquisition is in accordance with Regulations 3(1), 4, 13(4), 14(3), and 15(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
- The Detailed Public Statement has been published in Financial Express, Jansatta, and Mumbai Lakshadeep.