D & A Financial Services (P) Ltd ("Manager to the Offer") has submitted to BSE a copy of Post Offer Advertisement under Regulation 18 (12) in terms of Securities and Exchange Board of India ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The open offer by Mrs. Gitaben Nitinbhai Patel to acquire shares of Antariksh Industries Ltd closed on October 16, 2025, and payment was made on October 29, 2025. The offer was priced at Rs. 96 per share for up to 52,000 shares (26% stake), but only 47,199 shares were actually tendered by public shareholders, making the final deal size about Rs. 45.31 lakh. The acquirer already held 51.70% (1,03,400 shares) through prior agreements, and after the open offer her total holding rose to 1,50,599 shares, or 75.30% of the company. Public shareholding dropped from 48.30% to 24.70%, meaning the acquirer now has overwhelming control of the company. The offer was undersubscribed — public shareholders tendered fewer shares than the maximum on offer.
The acquirer has crossed the 75% threshold, gaining near-total control of Antariksh Industries. Remaining public shareholders face a very low free float and possible delisting risk; the stock may see low liquidity going forward.