Open Offer30 Apr 2026, 04:54 pm
Shah Foods: Open Offer for 26% stake at
AI Summary
Navigant Corporate Advisors Ltd has submitted a Letter of Offer to BSE and SEBI for an open offer to acquire shares of Shah Foods Ltd. The offer is being made by Mr. Ankit Jalan and Mr. Anuj Jalan, along with seven Persons Acting in Concert (PACs). They intend to acquire up to 60,61,900 equity shares, representing 26.00% of the target company's existing equity and voting share capital. The offer price is ₹62.50 per share. This offer is made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and is not conditional upon any minimum level of acceptance or statutory approvals.
Key Highlights
- Open offer initiated for Shah Foods Ltd by Mr. Ankit Jalan and Mr. Anuj Jalan.
- Acquirers, with PACs, seek to acquire up to 26.00% of the company's shares.
- Offer price set at ₹62.50 per equity share.
- The offer is not conditional on minimum acceptance or statutory approvals.