Bonanza Portfolio Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Pre-Offer Advertisement in accoordance with Regulation 18(7) of SEBI (Substantial Acquisition of Shares ....
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Bonanza Portfolio Ltd, acting as Manager to the Open Offer, has submitted the Pre-Offer Advertisement to BSE for an open offer made by Mr. Abhishek Narbaria and Mr. Umesh Kumar Sahay to acquire up to 9,09,703 equity shares (52.28%) of Synthiko Oilseeds Limited. The acquirers had signed a Share Purchase Agreement on May 02, 2025, to buy these shares at a negotiated price of Rs. 123.00 per equity share, aggregating to approximately Rs. 11.19 crore. The Pre-Offer Advertisement was published in newspapers on September 15, 2025, as required under Regulation 18(7) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations.
This is a regulatory formality in an ongoing open offer process. Existing shareholders of Synthiko Oilseeds should review the offer price of Rs. 123.00 per share against the current market price to decide whether to tender their shares. The 52.28% acquisition means a significant change of control is underway for the company.