Open Offer26 May 2026, 07:31 pm
Trio Mercantile: Open Offer for 50% Shares at ₹1.25
AI Summary
Interactive Financial Services Limited, acting as the manager, announced an open offer for Trio Mercantile & Trading Ltd. Kaushik Jagannath Joshi, along with PACs, seeks to acquire up to 3,39,68,300 equity shares, representing 50% of the company's total paid-up capital, at a price of ₹1.25 per share. The offer is made in compliance with SEBI (SAST) Regulations, 2011. The acquirer has also entered into a share purchase agreement to acquire 4.81% stake from Hiren Shantilal Kothari.
Key Highlights
- Open offer for 3,39,68,300 Trio Mercantile shares at ₹1.25 each.
- Offer represents 50% of Trio Mercantile's total paid-up capital.
- Kaushik Jagannath Joshi and PACs are the acquirers.
- Interactive Financial Services is the manager to the offer.
- Acquirer to buy 4.81% stake from Hiren Shantilal Kothari.
Price Impact
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