Mark Corporate Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Corrigendum to Public Announcement ("PA") dated July 09, 2025 and Detailed Public Statement ("DPS") ....
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Mark Corporate Advisors, the manager to an open offer for Devinsu Trading Limited, has published a corrigendum (correction/clarification) to the original Public Announcement dated July 9, 2025 and Detailed Public Statement dated July 16, 2025. The open offer is being made by Mr. Dennis Desai to acquire up to 1,63,800 equity shares (26% of the voting share capital) from public shareholders of Devinsu Trading. The key clarification in this corrigendum is that as on date, no statutory approvals are required to acquire shares tendered in the offer — unless approvals become applicable later, in which case the offer will be subject to them. All other terms of the original offer remain unchanged.
This corrigendum simplifies the open offer process by confirming no pre-approvals are currently needed, making it easier for shareholders to tender shares. The 26% open offer by an individual acquirer signals a potential change in control/promoter stake in this small listed company.