Mahan Industries: Open Offer for 26% Stake at ₹12/Share

Aftertrade Broking Pvt Ltd, acting as the Manager to the Offer, has submitted a Detailed Public Statement to BSE regarding an open offer for Mahan Industries Limited. The offer is by Mr. Nishil Sanjaykumar Shah and Mr. Niranjan Navratanmal Jain to acquire up to 20,02,000 equity shares, representing 26% of the expanded voting equity share capital. The offer price is ₹12 per equity share, payable in cash. This open offer is being made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The expanded share capital includes shares from a preferential issue, but excludes certain convertible warrants.