Swaraj Shares and Securities Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Addendum cum Corrigendum to the Letter of Offer public announcement in terms of Securities and ....
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Swaraj Shares and Securities, acting as Manager to the Offer, has filed an Addendum cum Corrigendum to the Letter of Offer for an Open Offer made by Mr. Padmanaban Krishnamoorthy and Ms. V Varalakshmi to acquire up to 26,40,039 shares (20.31%) of Genesis IBRC India Limited from public shareholders at ₹7.00 per share, aggregating up to ₹1.84 crore. The offer is triggered due to underlying transactions including a Share Purchase Agreement for 14,73,000 shares (11.33%) and an off-market acquisition of 72,69,500 shares (55.92%), both at ₹7.00 per share. Key change: as per SEBI's directions, since the acquirers are non-residents and have not taken control, shares will be acquired through the 'off-market tender offer method' instead of the earlier proposed stock exchange mechanism. The Tendering Period runs from November 26, 2025 to December 9, 2025.
Public shareholders of Genesis IBRC India Limited now have a confirmed window (Nov 26 – Dec 9, 2025) to tender shares at ₹7.00 each. The shift to an off-market settlement route may marginally affect liquidity, but the offer price and quantum remain unchanged from the original announcement.