Sun Capital Advisory Services Private Limited has Submitted to the Exchange a copy of post offer advertisement to the equity shareholders of the AKG Exim Limited (Target Company).
AKG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mr. Kalapi Vinit Nagada, the acquirer, completed the open offer for shares of AKG Exim Limited, with 41,58,862 equity shares (13.09% of paid-up capital) tendered at Rs. 15 per share, against the proposed offer size of up to 82,62,000 shares (26%). Total consideration paid was Rs. 6.24 crore, settled on March 5, 2026, with no delay in payment. The offer received only about 50% of the maximum shares intended, indicating moderate shareholder participation. Including the 73,39,200 shares (23.10%) acquired through a prior Share Purchase Agreement, the acquirer's post-offer holding stands at 1,14,98,062 shares, or 36.18% of the company, making him the largest shareholder with control of the company.
The change in control is now complete, with the acquirer moving from zero to 36.18% stake and crossing the takeover threshold, which may lead to changes in board composition and business direction. The undersubscribed offer (only 50% tendered) suggests limited investor enthusiasm at Rs. 15 per share, which could weigh on the stock in the near term until clarity on the acquirer's plans emerges.