StockWatch
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Computers - Software & Consulting
Open Offer7 Sept 2026, 10:00 pm

ECS Biztech: Open Offer for 26% Stake at ₹10.50

AI Summary

Beeline Capital Advisors Pvt Ltd, acting as Manager to the Offer, has submitted a Letter of Offer to ECS Biztech Ltd shareholders. The offer is for the acquisition of up to 53,44,313 Equity Shares, representing 26% of the total paid-up capital, at a price of ₹10.50 per share. This open offer is being made by Mr. Rakesh Ramanlal Shah and Komal Infotech Private Limited, collectively referred to as the 'Acquirers', under SEBI (SAST) Regulations. The offer is scheduled to open on September 17, 2026, and close on September 30, 2026. No minimum acceptance level is required, and no competing offer is currently in place.

Key Highlights

  • Open offer to acquire 26% stake in ECS Biztech Ltd.
  • Offer price set at ₹10.50 per equity share.
  • Acquisition by Rakesh Ramanlal Shah and Komal Infotech Pvt Ltd.
  • Offer period: September 17, 2026 to September 30, 2026.
  • Managed by Beeline Capital Advisors Pvt Ltd.