Wealth Mine Networks Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Draft Letter of Offer to the equity shareholders of Nirbhay Colours India Ltd ("Target Company").
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Wealth Mine Networks Ltd, as Manager to the Open Offer, has filed the Draft Letter of Offer with BSE for a mandatory open offer to public shareholders of Nirbhay Colours India Ltd (BSE: 526349). The offer is triggered under SEBI SAST Regulations 3(1) and 4 following a Share Purchase Agreement signed on December 12, 2025, where a group of seven acquirers (six individuals and Seher Retail Pvt Ltd) agreed to buy 6,74,300 shares (20.13%) at ₹10 each, totalling ₹67.43 lakh. The open offer price is ₹10 per share for up to 14,19,700 equity shares, representing 42.38% of the emerging voting capital. The tendering period is scheduled from February 3, 2026 to February 16, 2026. Post-offer, the acquirers are expected to hold 71.04% of the target company, taking over management control.
This is a change-of-control transaction for the small-cap Nirbhay Colours India Ltd, with acquirers seeking to gain management control and support the company's expansion plans. Shareholders can tender shares at ₹10 per share during the offer window, though the price is at par with face value and may not reflect a premium. The stock could see price movement based on shareholder sentiment about the new management and future business direction.