Open Offer- Detailed Public Statement

Listed-company acquisitionOpen offer triggeredStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+5.0%Reaction day

₹71.90

prior close

₹75.50

announcement price

After-mkt

timing

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-0.2%+5.2% vs sector

On the reaction day the stock moved 4.7 pts more than Nifty Microcap 250 and 5.2 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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Reaction day

+5.0+0.3+4.7-0.2+5.2

Next day

+10.3+0.8+9.5+0.4+9.9

+15.9+2.7+13.2+1.3+14.6

+21.6+2.7+18.9+2.1+19.4

+27.7+3.2+24.5+1.1+26.6

+34.1+4.1+29.9+1.7+32.4

+47.7+4.0+43.7+0.8+46.9

15d

+78.7+4.4+74.3-0.4+79.1

+24.8+5.4+19.3-2.2+27.0

+44.9+1.5+43.4-6.9+51.8

+35.6+3.3+32.3-9.8+45.4

UpDownMarket · Nifty Microcap 250Sector · TV Broadcasting & Software Production peers, median of 16Pending

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

AI summary

Sri Adhikari Brothers Television Network Limited (SABTNL) has received the Detailed Public Statement (DPS) dated June 20, 2025, for an open offer made by Mr. Kurjibhai Premjibhai Rupareliya (Acquirer) along with PAC under SEBI Takeover Regulations. The Acquirer is offering to buy 53,46,238 equity shares (13.24% of the emerging voting share capital) at ₹10 per share, amounting to a total offer size of approximately ₹5.35 crore. Post-offer, the Acquirer's holding would increase to 87.54% and PAC's (Ling Lease Finance Company Limited) to 12.98%. The Acquirer has deposited ₹5.40 crore (over 100% of offer size) in an escrow account with ICICI Bank. The tendering period is scheduled from August 5 to August 19, 2025.

Likely market impact

Existing public shareholders of SABTNL can tender their shares at ₹10 per share during the tendering period. The offer price appears modest relative to the acquirer's existing significant stake (62.85%), and the relatively small offer size of 13.24% suggests limited immediate impact on stock price, though shareholders should evaluate the offer against prevailing market price.