D & A Financial Services (P) Ltd ("Manager to the Offer") has submitted to BSE a copy of Advertisement under Regulation 18(7) in terms of SEBI (Substantial Acquisition of Shares and Takeovers) ....
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Awaiting price reaction for this filing.
A group of six acquirers led by Mr. Rajat Goyal, Mrs. Neha Agarwal, M/s Rajat Goyal HUF, Mr. Sandeep Mittal, Mrs. Ruchi Mittal, and M/s Sandeep Mittal & Sons HUF have made an open offer to buy shares of Addi Industries Limited at Rs 75 per equity share. The offer price is higher than the SEBI-mandated valuation price of Rs 49.50 per share and the negotiated share purchase price of Rs 74.40 per share. The Committee of Independent Directors of the company has deemed the Rs 75 offer price as fair and reasonable. The Detailed Public Statement was published on May 27, 2025, and the Letter of Offer was dispatched to shareholders on or before August 20, 2025. The tendering period runs from August 28, 2025 to September 11, 2025, and no statutory approvals are needed for the deal.
Public shareholders of Addi Industries can tender their shares at Rs 75 between August 28 and September 11, 2025. This represents a potential exit opportunity at a price well above the SEBI valuation benchmark, though the negotiated price under the share purchase agreement of Rs 74.40 suggests the offer price is only marginally above what the acquirers are paying the existing promoters.