D & A Financial Services (P) Ltd (Manager to the Offer) has submitted to the Exchange a copy of Post Offer Advertisement to the shareholders of Grand Foundry Limited (Target Company).
Awaiting price reaction for this filing.
D & A Financial Services (P) Ltd, acting as the Manager to the Offer, has submitted a copy of the Post Offer Advertisement to the stock exchange on behalf of Grand Foundry Limited, the Target Company. This filing is a standard procedural step that follows the completion of an open offer, typically under SEBI Takeover Regulations, where the acquirer advertises the completion of the tendering process. It informs shareholders about the final outcome, including details of shares tendered, acceptance ratio, and the acquirer's shareholding after the offer. The Target Company is Grand Foundry Limited, which is the subject of the underlying open offer being managed.
This is a post-offer regulatory disclosure and does not change the company's fundamentals; investors should check the advertisement for tendered shares and revised shareholding pattern of the acquirer.