Gretex Corporate Services Ltd ("Manager to the Offer") has submitted to BSE a copy of Post Offer advertisement to the Equity Shareholders under Regulation 18(12) in terms of SEBI (SAST) ....
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Awaiting price reaction for this filing.
Gretex Corporate Services Ltd, the Manager to the Offer, has submitted to BSE a copy of the Post-Offer Advertisement under Regulation 18(12) of SEBI (SAST) Regulations, 2011. The open offer was made by M/s. Invade Agro Limited (Acquirer) to acquire up to 19,47,077 fully paid-up equity shares (face value ₹10 each) of Chambal Breweries and Distilleries Ltd, representing 26% of the equity and voting share capital, at ₹6.00 per share. The total consideration works out to ₹1,16,82,462, payable entirely in cash. The Post-Offer Advertisement was published on Wednesday, October 8, 2025, in Financial Express (English, all editions), Jansatta (Hindi, all editions), Navshakti (Marathi, Mumbai edition), and Rashtradoot (Hindi, Kota edition). This filing indicates the conclusion of the open offer process.
The open offer at ₹6 per share is below the face value of ₹10, suggesting weak share price sentiment. Existing shareholders who participated in the tender have already been paid out, and the publication of the post-offer ad formally closes the acquisition process, with Invade Agro now holding up to 26% stake in Chambal Breweries.