Open Offer11 Jul 2026, 05:30 pm
Lippi Systems: Open Offer by Acquirers for 25.05% Stake
AI Summary
Lippi Systems Ltd has received a copy of the Letter of Offer for an open offer made by Vinesh Shivji Dholu, Jagdish Shivji Dholu, Shivji Karamrashi Dholu, Jagruti Vinesh Dholu, and Parul Jagdish Dholu. The acquirers intend to purchase up to 33,82,231 equity shares, representing the entire public shareholding of 25.05% in Lippi Systems. The offer price is ₹56.84 per equity share, payable in cash. This open offer is being made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and is not conditional on any minimum acceptance level.
Key Highlights
- Open offer for 25.05% public shareholding in Lippi Systems.
- Offer price set at ₹56.84 per equity share.
- Acquisition by five individuals: Vinesh, Jagdish, Shivji, Jagruti, and Parul Dholu.
- Offer is compliant with SEBI (SAST) Regulations.
- No minimum acceptance condition for the open offer.
Price Impact
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