Bonanza Portfolio Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Post-Offer Advertisement under Regulation 18(12) in terms of SEBI (Substantial Acquisition of Shares and ....
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Awaiting price reaction for this filing.
Bonanza Portfolio Ltd, acting as Manager to the Open Offer, has submitted a Post-Offer Advertisement to BSE under SEBI (SAST) Regulation 18(12). The open offer was made by Mr. Abhishek Narbaria and Mr. Umesh Kumar Sahay (Acquirers) to acquire up to 4,52,400 fully paid-up equity shares (26.00%) of Synthiko Foils Limited from public shareholders. The offer price was Rs. 134.12 per equity share (face value Rs. 5.00), based on a Share Purchase Agreement dated May 02, 2025 with the Promoter Sellers. The advertisement appeared in Financial Express, Jansatta, and Mumbai Lakshadeep newspapers on October 17, 2025. This filing marks the formal completion/publication stage of the open offer process.
For shareholders of Synthiko Foils Limited, this signals the conclusion of the open offer window at Rs. 134.12 per share. The filing indicates that the Acquirers have completed the tendering process and are formalizing their 26% stake acquisition, which may lead to changes in promoter holding and control of the company.