Swaraj Shares and Securities Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Recommendations of the Committee of Independent Directors ('IDC') of Genesis Ibrc India Ltd ....
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Mr. Padmanaban Krishnamoorthy and Ms. V Varalakshmi (the Acquirers) have made an Open Offer to buy up to 26,40,039 shares (20.31% of voting share capital) from public shareholders of Genesis IBRC India Limited at ₹7.00 per share, totaling a maximum consideration of ₹1.84 crore. This offer is triggered under SEBI Takeover Regulations following a Share Purchase Agreement where the Acquirers agreed to buy 14,73,000 shares (11.33%) from a Selling Promoter Shareholder at ₹7.00 per share, aggregating to ₹1.03 crore. The Acquirers already hold 72,69,500 shares (55.92%) of the Target Company. The Committee of Independent Directors of Genesis IBRC India has published its recommendations on this offer in leading newspapers on November 24, 2025.
Public shareholders of Genesis IBRC India now have a formal window to tender their shares at ₹7.00 per share in cash. Existing shareholders should review the IDC recommendations published in Financial Express, Jansatta, Mumbai Lakshadeep, and Saksham Daily before deciding to participate in the offer.