Dolphin Medical Services: Open Offer for 26% stake at ₹4.80

Rarever Financial Advisors Pvt Ltd, acting as Manager to the Offer, has submitted a Letter of Offer (LOF) to the public shareholders of Dolphin Medical Services Ltd. The offer is made by Mr. Amarandhar Reddy Kotha and Mr. Mallour Rajesh Kumar to acquire up to 39,25,988 equity shares, representing 26.00% of the voting capital. The offer price is ₹4.80 per equity share, payable in cash. This open offer is being made pursuant to SEBI (SAST) Regulations, 2011. The offer is not conditional and has no minimum acceptance level. There are no competing offers, and no statutory approvals are currently required for the transaction. The offer price or size may be revised upwards under specific conditions.