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AQYLONNSEAqylon Nexus Limited· EntertainmentHighNeutral
Announced Fri, 20 Jun, 2025 · 15:25 IST

Grow House Wealth Management Private ltd has submitted to  the Exchange a copy of detailed public statement in terms of Regulation 3(1) and 4 Read with Regulation 13(4), 14(3) and 15(2) and other applicable Regulations of the securities and Exchange Board of India ( SAST) Regulations, 2011, as amended, for the attention of the public shareholders of the company.

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDFExplain this filing

AQYLON · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
+5.0%Reaction day
₹68.50
prior close
₹71.90
announcement price
In-mkt
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Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+4.7% vs market
TV Broadcasting & Software Production peers, median of 16sector+1.6%+3.3% vs sector

On the reaction day the stock moved 4.7 pts more than Nifty Microcap 250 and 3.3 pts more than its TV Broadcasting & Software Production peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mr. Kurjibhai Premjibhai Rupareliya, along with PAC Lingaraj Finance Company Limited, has triggered a mandatory open offer to buy 53,46,238 equity shares (13.24% of the emerging voting share capital) of Sri Adhikari Brothers Television Network Limited (SABTNL, scrip code: SRIADIKARI). The offer price is fixed at ₹10 per share, taking the total deal size to about ₹5.35 crore. The trigger follows a Share Purchase Agreement signed on June 14, 2025, under SEBI (SAST) Regulations 2011. The acquirer already holds 50.12% and the PAC holds 37.15% in the company. Public shareholders can tender shares between August 5 and August 19, 2025, through the BSE acquisition window. Grow House Wealth Management is the manager to the offer, and ₹5.40 crore has been deposited in escrow with ICICI Bank.

Likely market impact

Existing public shareholders of SABTNL get an exit opportunity at ₹10 per share during the tendering window. The low offer price and the acquirer's already dominant holding (over 87% combined) suggest limited upside from the open offer; investors should compare the offer price with prevailing market levels before deciding to tender.