BSEHarmony Capital Service LtdCriticalNeutral
Announced Thu, 20 Nov · 20:01 IST

Bonaza Portfolio Ltd ("Manager to the Offer") has submitted to BSE a copy of Public Announcement ('PA') under Regulations 3(1), 4 read with Regulation 13, Regulation 14 and Regulation 15(1) ....

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Bonanza Portfolio Ltd, acting as Manager to the Offer, has filed a Public Announcement for an open offer to buy up to 31,52,994 equity shares (26% of emerging capital) of Harmony Capital Services Ltd at ₹10 per share, totaling about ₹3.15 crore if fully accepted. The offer is triggered by a Board-approved preferential allotment of 91,26,000 shares (₹9.13 crore) to two acquirers — Mr. Rajesh Ghosh and Dorni Vinimoy Pvt Ltd — who together will hold about 45.35% of the company and become new promoters. As a result, existing promoter Mr. Anish Sharma will be reclassified as a public shareholder. A Share Subscription Agreement was signed on November 20, 2025; no delisting is proposed.

Likely market impact

This signals a change of control at Harmony Capital Services. Existing public shareholders can tender shares at ₹10 during the offer window, though the offer price equals face value with no premium. The stock may see activity as the acquirers take over the promoter role and reshape the company's direction.