Acquisitions24 Mar 2026, 02:21 pm
Mark Corporate Advisors Announces Open Offer for Photon Capital Advisors Shares at ₹115.00 Each
AI Summary
Mark Corporate Advisors Pvt Ltd, as the Manager to the Offer, has announced an Open Offer for the public shareholders of Photon Capital Advisors Limited. The offer is to acquire up to 7,11,000 fully paid-up equity shares of ₹10 each at a price of ₹115.00 per equity share, representing 26.13% of the emerging voting capital of the Target Company. The offer is in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended.
Key Highlights
- Mark Corporate Advisors Pvt Ltd announced an Open Offer for Photon Capital Advisors Limited's shares.
- The offer is for up to 7,11,000 equity shares at a price of ₹115.00 per share.
- The offer represents 26.13% of the emerging voting capital of the Target Company.
- The offer is in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended.
- The Committee of Independent Directors has issued a recommendation stating that the offer is fair and reasonable.