Choice Capital Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Corrigendum to the Detailed Public Statement and Pre Offer Advertisement cum addendunm to Letter ....
Awaiting price reaction for this filing.
Choice Capital Advisors, the Manager to the Open Offer, has filed a corrigendum (along with newspaper publications in Financial Express, Jansatta, and Mumbai Lakshadeep) related to the open offer for equity shareholders of Esha Media Research Limited under SEBI Takeover Code Regulations 2011. The offer is being made by Opulus Bizserve Private Limited (the Acquirer) pursuant to substantial acquisition of shares and control. A Share Purchase Agreement was executed on August 06, 2025, under which promoters Jyoti Mahadev Babar, Sakshi Samir Parab, and Shilpa Samir Parab will sell 1,50,000 equity shares (face value Rs. 10 each), representing 1.92% of the paid-up capital. The company's board also approved a preferential allotment of equity shares and convertible warrants to the Acquirer on the same date, subject to shareholder approval under Section 62 of the Companies Act, 2013 and SEBI ICDR Regulations, 2018.
The corrigendum revises previously published details of the open offer; shareholders should review the updated terms. The combined preferential allotment and share purchase indicate a change in control of this BSE-listed company, which existing shareholders should monitor closely for further developments.