D & A Financial Services (P) Ltd ("Manager to the Offer") has submitted to BSE a copy of Post Offer Advertisement to the Shareholders of Addi Industries Ltd ("Target Company").
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Awaiting price reaction for this filing.
D & A Financial Services, acting as Manager to the Offer, has submitted the Post Offer Advertisement for the open offer made by six acquirers — Mr. Rajat Goyal, Mrs. Neha Agarwal, Rajat Goyal HUF, Mr. Sandeep Mittal, Mrs. Ruchi Mittal, and Sandeep Mittal & Sons HUF — to acquire shares of Addi Industries Ltd. The offer price was Rs. 75 per share, running from August 28, 2025 to September 11, 2025, with payment due by September 25, 2025. Only 16 shares were actually tendered by public shareholders against the proposed 27,78,399 shares (size of Rs. 20.83 crore). The acquirers had separately agreed to buy 80,18,175 shares (74.27%) via a Share Purchase Agreement, taking their post-offer holding to 74.27% of the company.
The open offer was massively undersubscribed — just Rs. 1,200 worth of shares tendered — suggesting public shareholders found the Rs. 75 offer price unattractive and chose to hold. With acquirers now controlling 74.27% of the company, the stock may see very low trading liquidity, and the path to a potential delisting becomes clearer if holdings cross the 90% threshold.