Open Offer- Detailed Public Statement
AQYLON · price
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Awaiting price reaction for this filing.
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.
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.