CapitalSquare Advisors Pvt. Ltd. ("Manager to the Offer") has submitted to BSE a copy of Post-Offer Public Announcement to the Public Shareholders of P.M. Telelinnks Ltd ("Target Company").
Awaiting price reaction for this filing.
BSL Infrastructure Limited (Acquirer) has completed its open offer for P.M. Telelinnks Limited, buying only 1,406 shares from public shareholders against the 26,19,500 shares on offer. The open offer, priced at ₹6.81 per share, opened on January 13, 2026 and closed on January 28, 2026, with a maximum potential payout of ₹1.78 crore. Separately, the Acquirer had earlier bought 48,38,733 shares (48.03% stake) from the promoters via a Share Purchase Agreement signed on September 5, 2025 at ₹6.20 per share, totaling about ₹3 crore. Post-offer, the Acquirer holds around 52,34,861 equity shares (51.96%) of P.M. Telelinnks. The Post-Offer Public Announcement was published in newspapers on February 14, 2026 as required under SEBI Takeover Regulations.
The open offer saw almost no response from public shareholders (just 0.01% of the offer size was tendered), confirming change of control to BSL Infrastructure with effective management change. Public shareholders who did not tender remain minority holders in a company with a new controlling shareholder, and the stock may continue to trade at levels close to the offer price as a reference point.