Fintellectual Corporate Advisors Pvt Ltd ("Manager to the offer") has submitted to BSE a copy of Detailed Public Statement in terms of Regulation 3(1) and 4 read with Regulations 13(4)), ....
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Fintellectual Corporate Advisors, the manager to the offer, has submitted a Detailed Public Statement (DPS) to BSE regarding an open offer for CDG Petchem Ltd (Scrip Code: 534796). Under SEBI's Takeover Regulations, 2011, acquirer Jujhar Constructions and Travels Private Limited is making an open offer to buy up to 26,00,000 (26 lakh) equity shares from existing shareholders of CDG Petchem. The DPS was published on April 17, 2025 in Financial Express (English), Jansatta (Hindi), Pratahkal (Marathi), and Nava Telangana (Telugu) newspapers, in compliance with Regulations 13(4), 14, and 15 of the SEBI Takeover Code.
This is a regulatory disclosure for an existing/ongoing open offer triggered under SEBI takeover rules — shareholders of CDG Petchem can tender their shares during the offer window. The news flow signals a change in control or significant stake acquisition, which may affect short-term price action and trading volumes on the stock.