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
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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.