Pursuant to Regulation 30 (2) read with schedule III Part A of the SEBI (LODR) Regulation, 2015 we wish to inform you that a Public announcement has been made on May 30, 2025, by M/s. ....
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M/s. Invade Agro Limited (Acquirer) has announced an open offer to buy up to 19,47,077 equity shares (26% of equity and voting share capital) of Chambal Breweries and Distilleries Ltd from public shareholders at ₹6.00 per share, for a total maximum consideration of about ₹1.17 crore. This open offer is triggered by a Share Purchase Agreement (SPA) signed on May 30, 2025, under which the Acquirer will buy 12,03,839 shares (16.08%) from the existing promoter group sellers (Mr. Bharat Jhamnani, Mr. Parasram Jhamnani, and Mr. Vinod Jhamnani) at ₹5.50 per share (total about ₹66.21 lakh). After the deal, the Acquirer intends to reclassify itself as a Promoter of the Target Company. The Acquirer has clarified it does not intend to delist the company.
Public shareholders can tender their shares in the open offer at ₹6.00 per share if they wish to exit. Existing promoters are fully exiting, and control of the company is shifting to Invade Agro Limited, which will join the new promoter group. The offer price and total deal size are small, indicating a small-cap, low-float company where the open offer is more about a change of control than a premium buyback opportunity.