Open Offer15 Oct 2026, 07:41 pm
Prabhhans Industries: Open Offer Draft Letter of Offer Filed
AI Summary
Novus Capital 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 Prabhhans Industries Limited. The offer is being made by Acquirers Exigo Recycling Private Limited, Raman Sharma, Anagh Ojha, Pankaj Chopra, and Persons Acting in Concert (PACs) Kanika Gurjar and Ashok Sharma. They aim to acquire up to 54,82,248 equity shares, representing 15.84% of the total expanded voting equity share capital, at an offer price of ₹41.30 per share. This open offer is being made to acquire control over the Target Company and is not conditional on a minimum acceptance level.
Key Highlights
- Draft Letter of Offer submitted for an open offer to public shareholders.
- Acquirers aim to purchase 15.84% of equity shares.
- Offer price set at ₹41.30 per equity share.
- The offer is for acquiring control of the company.
- No minimum acceptance condition for the offer.
Price Impact
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