Bonaza Portfolio Ltd ("Manager to the Offer") has submitted to BSE a copy of recommendations of the Committee of Independent Directors (''IDC'') of Harmony Capital Service Ltd ("Target ....
Awaiting price reaction for this filing.
Bonanza Portfolio Ltd, the Manager to the Offer, has submitted the recommendations of the Independent Directors' Committee (IDC) of Harmony Capital Services Ltd to BSE. The open offer is being made by Mr. Rajesh Ghosh and Dorni Vinimoy Private Limited to acquire up to 31,52,994 equity shares, representing 26% of the emerging equity and voting share capital, from public shareholders. The IDC recommendations have been published in Financial Express, Jansatta, and Mumbai Lakshadweep newspapers. This filing is made in compliance with SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
Public shareholders of Harmony Capital Services should review the IDC recommendations carefully to make an informed decision on tendering their shares in the open offer. The open offer at 26% suggests a significant change in control, which may impact share price and ownership structure.