Acquisitions23 Mar 2026, 06:24 pm
Grameva Ltd: Open Offer by Acquirers for 26.00% Stake at Rs. 30/- per Share
AI Summary
Grameva Ltd, formerly known as Bangalore Fort Farms Limited, has received a Letter of Offer from VC Corporate Advisors Pvt Ltd on behalf of the Acquirers. The Acquirers, namely Mrs. Maneesha Singh, Jagsakti Merchandise Private Limited, and Ros Advisory Private Limited, aim to acquire up to 12,47,844 equity shares of Grameva Ltd, representing 26.00% of the total paid-up equity and voting share capital. The offer price is set at Rs. 30/- per equity share, payable in cash. This offer is being made pursuant to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. No regulatory or statutory approvals are pending as of the date of this Letter of Offer.
Key Highlights
- Grameva Ltd is the target company for acquisition.
- The Acquirers are Mrs. Maneesha Singh, Jagsakti Merchandise Private Limited, and Ros Advisory Private Limited.
- The Acquirers aim to acquire up to 26.00% of Grameva Ltd's total paid-up equity and voting share capital.
- The offer price is set at Rs. 30/- per equity share, payable in cash.
- The offer is being made pursuant to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.