Gretex Corporate Services Ltd ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement in terms of Regulation 4 read with Regulations 13(4), 14(3) and 15(2) and ....
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Invade Agro Limited has launched an open offer to acquire up to 19,47,077 equity shares (26% of the equity share capital) of Chambal Breweries & Distilleries Ltd (CBDL) at Rs. 6 per share, totaling around Rs. 1.17 crore. This follows a Share Purchase Agreement signed on May 30, 2025 with three promoter sellers — Bharat, Parasram, and Vinod Jhamnani — for 12,03,839 shares (16.08%), taking the acquirer's total holding to about 42.08% post-offer. Gretex Corporate Services is the Manager to the Offer. The Detailed Public Statement was published on June 6, 2025 in Financial Express, Jansatta, Navshakti, and Rashtradoot. CBDL, based in Kota, Rajasthan, has been posting losses for four consecutive years, with FY25 net loss of Rs. 8.32 lakh and net worth of Rs. 1.12 crore.
The acquirer aims to take control and be classified as promoter of CBDL, which would result in a change in management and control of the listed company. Public shareholders can tender shares at Rs. 6 per share in cash, but should note the offer price is low relative to book value and the company has been consistently loss-making, making this a control-driven rather than value-driven opportunity.