Bonaza Portfolio Ltd ("Manager to the Offer") has submitted to BSE a copy of Letter of Offer to the Public Shareholders of Harmony Capital Service Ltd ("Target Company").
Awaiting price reaction for this filing.
Bonanza Portfolio Ltd, acting as the Manager to the Offer, has submitted the Letter of Offer to BSE for a mandatory open offer to the public shareholders of Harmony Capital Services Ltd. The offer is triggered under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011 following a Share Subscription Agreement dated November 20, 2025, under which the Acquirers will be allotted 55 lakh equity shares (45.35% of emerging capital) on a preferential basis. The Acquirers, Mr. Rajesh Ghosh and Dorni Vinimoy Private Limited, are offering to buy up to 31,52,994 equity shares (26% of emerging equity share capital) from public shareholders at ₹10 per share, for a maximum total consideration of around ₹3.15 crore. The existing promoter Mr. Anish Sharma has already exited the company prior to the public announcement, and the open offer will result in a change of control and management. The tendering period runs from February 11, 2026 to February 25, 2026.
Public shareholders have a chance to tender their shares and exit at a fixed price of ₹10 per share. The offer price is at the face value level, which may not offer any premium depending on the prevailing market price, so shareholders should compare with market quotes before deciding. The deal also signals a complete change in ownership and control of the company, which could affect its future direction.