Mark Corporate Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Offer Opening Public Announcement under Regulation 18(7) of Securities and Exchange Board of India ....
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Mr. Deniis Desai (the Acquirer) has launched an Open Offer to buy up to 1,63,800 fully paid-up equity shares of Devinsu Trading Ltd at ₹350 per share, representing 26% of the voting share capital. The offer is being managed by Mark Corporate Advisors Pvt Ltd under SEBI's takeover regulations. The Independent Directors Committee has reviewed the offer and considers it fair and reasonable, with no revision in the offer price. The tendering period opens on October 27, 2025, and closes on November 10, 2025. Notably, the company's shares have not been trading on the exchange for over two decades, and this open offer provides an exit opportunity for public shareholders at a price the acquirer describes as better than historical levels.
Public shareholders of Devinsu Trading get a rare exit opportunity at ₹350 per share in a stock that hasn't traded for 20+ years. The acquirer has indicated plans to diversify the company's operations and potentially reorganize its capital structure, which could lead to a revival of the dormant listed entity.