Acquisitions20 Mar 2026, 12:58 pm
SAR Televenture Limited to Acquire 26% Stake in Grand Foundry Limited
AI Summary
SAR Televenture Limited (Acquirer) has announced a public offer to acquire up to 79,11,800 equity shares, representing 26% of the total equity/voting share capital of Grand Foundry Limited (Target Company). The offer price is set at Rs. 2.50/- per fully paid equity share. The offer is not conditional to any minimum level of acceptance and there is no competing offer. The offer opens on Thursday, 30th April, 2026 and closes on Thursday, 14th May, 2026.
Key Highlights
- SAR Televenture Limited to acquire 26% stake in Grand Foundry Limited
- Offer price set at Rs. 2.50/- per fully paid equity share
- Not conditional to any minimum level of acceptance
- No competing offer
- Offer opens on Thursday, 30th April, 2026 and closes on Thursday, 14th May, 2026