Mayur Leather Products: Open Offer for 26% stake at ₹27.92

Bonanza Portfolio Limited, acting as Manager to the Offer, has submitted a Draft Letter of Offer to the public shareholders of Mayur Leather Products Ltd. This follows an Open Offer announcement by Mr. Ghanshyam Hansrajani to acquire up to 12,57,048 equity shares, representing 26.00% of the company's equity and voting share capital. The offer price is set at ₹27.92 per share, payable in cash. This acquisition is substantial and involves a change in control and management of the Target Company, in compliance with SEBI (SAST) Regulations, 2011. No statutory approvals are currently required, but the offer remains subject to any that may become necessary.