Wealth Mine Networks Pvt Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Public Announcement under Regulation 3(1) and 4 read with Regulation 13, 14 and 15 (1) and other ....
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Wealth Mine Networks, as Manager to the Offer, has filed a Public Announcement for a triggered open offer to acquire up to 14,19,700 equity shares (42.38% of the Emerging Voting Capital) of BSE-listed Nirbhay Colours Limited at Rs. 10 per share, aggregating to Rs. 1.41 crore in cash. The offer is triggered by a Share Purchase Agreement dated December 12, 2025, under which a group of 7 acquirers (led by Dakshesh Shah, Dhruvin Shah, Sheetal Shah, Anar Patel, Sanskruti Patel, Jayesh Patel, and Seher Retail Pvt Ltd) will buy 6,74,300 shares (20.13%) from existing public-category shareholders for Rs. 67.43 lakh, and will become the new promoters of the company with control. Post-offer, the acquirers will collectively hold about 71.04% of the voting capital. The Detailed Public Statement is to be published by December 19, 2025, and the acquirer has stated no intention to delist the target company.
This represents a change of control at Nirbhay Colours, with public shareholders getting a cash exit opportunity at Rs. 10/share. Shareholders should watch for the Detailed Public Statement and Letter of Offer; acceptance is not subject to any minimum threshold.