StockWatch
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Healthcare Service Provider
Open Offer30 Jul 2026, 06:00 pm

Dolphin Medical Services: Open Offer for 26% Stake at ₹4.80/Share

AI Summary

Rarever Financial Advisors Pvt Ltd, acting as Manager to the Offer, has submitted a Pre-Offer advertisement cum corrigendum to BSE for an open offer by acquirers Mr. Amarandhar Reddy Kotha and Mr. Mallour Rajesh Kumar. The offer aims to acquire 39,25,988 equity shares, representing 26.00% of Dolphin Medical Services Limited's paid-up capital, at a price of ₹4.80 per share. The offer price has not been revised. The Committee of Independent Directors has deemed the offer price fair and reasonable. The Letter of Offer was dispatched to shareholders, and details are available on various websites, including SEBI and BSE.

Key Highlights

  • Open offer to acquire 26% stake in Dolphin Medical Services.
  • Offer price set at ₹4.80 per equity share, payable in cash.
  • Independent Directors find the offer price fair and reasonable.
  • Detailed Public Statement was issued on May 22, 2026.
  • Letter of Offer mailed to shareholders on July 22, 2026.