Acquisitions20 Mar 2026, 03:13 pm
Acquirers Umesh Narpatchand Sanghvi and Sapna Sanghvi Announce Open Offer for 26.00% Stake in SRM Energy Ltd at € 4.00/- per share
AI Summary
In a recent development, Sobhagya Capital Options Pvt Ltd, as the Manager to the Offer, has submitted a Post-Offer Advertisement to BSE on behalf of Acquirers Umesh Narpatchand Sanghvi and Sapna Sanghvi. The Acquirers aim to acquire up to 23,55,600 Equity shares, which represents 26.00% of the Voting Equity Share Capital of SRM Energy Limited. The offer price is set at € 4.00/- per share. This acquisition is being made in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulation, 2011 and subsequent amendments.
Key Highlights
- Acquirers Umesh Narpatchand Sanghvi and Sapna Sanghvi announce open offer for 26.00% stake in SRM Energy Ltd.
- Offer price set at € 4.00/- per share.
- Acquisition to be made in compliance with SEBI (SAST) Regulation, 2011 and subsequent amendments.
- Sobhagya Capital Options Pvt Ltd appointed as the Manager to the Offer.
- Offer to be made to eligible shareholders of SRM Energy Ltd.