Open Offer20 May 2026, 07:34 am
Shantai Industries: Open Offer for 25.60% Shares at ₹21
AI Summary
Saffron Capital Advisors Pvt Ltd, as the manager to the open offer, has submitted a Letter of Offer to BSE for the public shareholders of Shantai Industries Ltd. Acquirers Radhe Dhokla Private Limited, Pandav Dishant Kanubhai, Nikunj Vijaybhai Prajapati, Pandav Jinesh Kanaiyalal, and Pandav Pradipkumar Vijaybhai are jointly making an open offer to acquire up to 19,20,000 equity shares of Shantai Industries, representing 25.60% of the voting share capital, at a price of ₹21 per share, aggregating to ₹4,03,20,000. The offer is in compliance with SEBI (SAST) Regulations, 2011.
Key Highlights
- Open offer for 19,20,000 Shantai Industries shares at ₹21 per share.
- Total offer size is ₹4,03,20,000, representing 25.60% of voting share capital.
- Saffron Capital Advisors is the manager to the open offer.
- Offer complies with SEBI (SAST) Regulations, 2011.
- Acquirers include Radhe Dhokla Private Limited and four individuals.