GSL Securities: Open Offer for 26% Stake at ₹42/Share

Mark Corporate Advisors Pvt Ltd, acting as the Manager to the Offer, has submitted a Draft Letter of Offer to BSE for an open offer to the public shareholders of GSL Securities Limited. The offer is made by Mr. Shrikant Mitesh Bhangdiya, Ms. Aarti Shrikant Bhangdiya, and Ms. Sonal Kirtikumar Bhangdiya to acquire up to 11,11,526 equity shares, representing 26.00% of the voting capital. The offer price is ₹42.00 per equity share, payable in cash. This open offer is being made pursuant to SEBI (SAST) Regulations, 2011. It is not a conditional offer and is not subject to a minimum acceptance level, nor is it a competing offer. A prior approval from the Reserve Bank of India (RBI) is required, and the offer may be subject to upward revision of the offer price.