Corpwis Advisors Pvt. Ltd. ("Manager to the Open Offer") has submitted to BSE a copy of pre-offer advertisement to the public shareholders of Deccan Bearings Ltd ("Target Company").
Awaiting price reaction for this filing.
Corpwis Advisors Pvt. Ltd., acting as Manager to the Open Offer, has submitted a pre-offer advertisement to BSE on behalf of four acquirers — Paresh Gushabhai Satani, Tanuj Pareshkumar Satani, Chirag Ramjibhai Satani, and Ramjibhai Ghusabhai Satani. The offer is to acquire up to 52,00,000 equity shares (26% of the expanded voting share capital) of Deccan Bearings Ltd at a price of Rs. 10 per share, payable in cash. The pre-offer advertisement was published on October 9, 2025, in Financial Express (English), Jansatta (Hindi), and Mumbai Lakshadeep (Marathi). The Tendering Period for public shareholders runs from October 10, 2025, to October 27, 2025. The Independent Directors Committee has stated the offer price appears justified under takeover regulations, and no competing offer has been received.
Public shareholders of Deccan Bearings Ltd can tender their shares between October 10 and October 27, 2025, at Rs. 10 per share in cash. Existing shareholders should evaluate whether to participate in the offer based on the prevailing market price and their investment horizon.