
Open Offer4 Jun 2026, 02:19 pm
Sarda Proteins: Open Offer Letter Submitted by Manager to Offer
AI Summary
Grow House Wealth Management Pvt Ltd, acting as the 'Manager to the Offer', has submitted a Letter of Offer to the Public Shareholders of Sarda Proteins Ltd. This open offer is being made by Onix Renewable Limited, along with PACs (Divyeshkumar Mansukhbhai Savaliya, Piyush Mansukhbhai Savaliya, and Nikhil Hareshbhai Savaliya), for the acquisition of 17,30,400 equity shares, representing 19.28% of the voting share capital. The offer price is set at ₹115.00 per share. This acquisition is pursuant to SEBI (SAST) Regulations, 2011, for substantial acquisition of shares and voting rights accompanied by a change in control and management of Sarda Proteins Ltd.
Key Highlights
- Open offer letter submitted for Sarda Proteins Ltd.
- Acquisition of 19.28% stake at ₹115 per share.
- Offer made by Onix Renewable Limited and associated PACs.
- Triggered by substantial acquisition and change in control.
- Managed by Grow House Wealth Management Pvt Ltd.
Price Impact
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