Wealth Mine Networks Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Letter of Offer for the attention of the Public Shareholders of Nirbhay Colours India Ltd ("Target Company").
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Wealth Mine Networks Ltd, acting as Manager to the Open Offer, has submitted the Letter of Offer to BSE for Nirbhay Colours India Ltd. A group of 7 acquirers — members of the Shah and Patel families along with Seher Retail Pvt Ltd — are making a mandatory open offer to buy up to 14,19,700 equity shares (42.38% of the emerging voting capital) at ₹10 per share, payable in cash. The offer was triggered by a Share Purchase Agreement signed on December 12, 2025, under which the acquirers agreed to purchase 6,74,300 shares (20.13%) from existing shareholders at ₹10 per share, aggregating to ₹67.43 lakh, along with a change of control and management. The tendering period is scheduled to run from February 12 to February 26, 2026 (revised dates). Assuming full acceptance, the acquirers' total holding in the target company will rise to 71.04% of the emerging voting capital.
Public shareholders of Nirbhay Colours India Ltd can tender their shares at ₹10 each during the offer window, but at par with face value the offer may not carry a meaningful premium. The deal also signals a change of control and potential business diversification under the new promoters, which could affect the stock's direction going forward.