Open Offer15 May 2026, 11:21 pm
Dolphin Medical: Open Offer for 26% Shares at ₹4.80
AI Summary
Rarever Financial Advisors announced an open offer on behalf of Mr. Amarandhar Reddy Kotha and Mr. Mallour Rajesh Kumar to acquire 39,25,988 equity shares of Dolphin Medical Services Ltd, representing 26% of the total paid-up equity, at a price of ₹4.80 per share. This offer complies with SEBI regulations and aims to acquire control of the Target Company.
Key Highlights
- Acquirers to purchase 39,25,988 shares, representing 26% of Dolphin Medical's equity.
- Offer price is set at ₹4.80 per equity share, payable in cash.
- Total consideration for the open offer is ₹1,88,44,743.00.
- Offer made by Amarandhar Reddy Kotha and Mallour Rajesh Kumar.
- Rarever Financial Advisors is managing the open offer.