Bonanza Portfolio Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Detailed Public Statement in terms of Regulations 3(1) and 4 read with Regulations 13(4), 14(3) and 15(2) ....
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Skybridge Interactive LLP (the Acquirer) has announced an open offer to buy up to 1,32,92,000 equity shares of Baba Arts Ltd, representing 25.32% of the company's equity and voting share capital, from the public shareholders. The offer is being made under SEBI (SAST) Regulations, 2011, following the execution of a Share Purchase Agreement. Bonanza Portfolio Ltd is acting as the Manager to the Offer. The Detailed Public Statement (DPS) was published in Financial Express (English, all editions) on March 5, 2026. The offer size equals the total public shareholding, meaning the Acquirer is seeking to acquire all publicly held shares of the target company.
This is a significant takeover event — public shareholders of Baba Arts will get a direct exit opportunity at the open offer price. The stock may see heightened activity and price movement as the offer progresses through SEBI-mandated timelines.