Open Offer10 Jul 2026, 11:57 am
Grameva Ltd: Open Offer Completed, Acquirers Assume Control
AI Summary
Grameva Ltd announced the successful completion of an Open Offer made by Mrs. Maneesha Singh, Jagsakti Merchandise Private Limited, and Ros Advisory Private Limited. The Board of Directors took on record that the Acquirers have acquired substantial shareholding and control in the Company, becoming the new Promoter/Promoter Group effective July 10, 2026. Consequently, the existing promoter, Genesis Trade-Links Private Limited, will cease to exercise control and be re-classified.
Key Highlights
- Open Offer successfully completed by new Acquirers.
- Acquirers have acquired substantial shareholding and control.
- New Promoter/Promoter Group assumed control from July 10, 2026.
- Existing promoter Genesis Trade-Links Private Limited to be re-classified.
- Board meeting held on July 10, 2026, to take note of the completion.
Price Impact
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