CapitalSquare Advisors Pvt. Ltd. ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement in accordance with the provisions of Regulations 13(4), 14(3), and 15(2) ....
Awaiting price reaction for this filing.
BSL Infrastructure Limited has entered into a Share Purchase Agreement dated September 5, 2025, with the existing promoters of P.M. Telelinnks Ltd to acquire 48,38,733 equity shares (48.03% of voting share capital) at ₹6.20 per share, totaling around ₹3 crore. As this triggers SEBI takeover regulations, BSL Infrastructure has launched a mandatory open offer for an additional 26,19,500 shares (26% of voting capital) from public shareholders at ₹6.81 per share, with a maximum outflow of about ₹1.78 crore. CapitalSquare Advisors is managing the offer, and the Detailed Public Statement was published on September 12, 2025. Following the deal, the existing promoters will cease to be part of the promoter group and apply for declassification. The acquirer has stated no intention to delist the target company.
Public shareholders of P.M. Telelinnks get an exit opportunity at ₹6.81 per share, which is about 10% above the negotiated promoter sale price of ₹6.20. The change in control to BSL Infrastructure (a scaffolding and infrastructure company) signals a potential shift in business direction for the target company.