Diggi Corporate Advisors Pvt. Ltd. ("Manager to the Offer") has submitted to BSE a copy of Revised Draft Letter of Offer to the public shareholders of SJ Corporation Ltd ("Target Company").
Awaiting price reaction for this filing.
Diggi Corporate Advisors, acting as Manager to the Offer, has submitted a Revised Draft Letter of Offer on behalf of four acquirers for an open offer to public shareholders of SJ Corporation Limited. The offer is being made at ₹12 per share in cash, with maximum total consideration of ₹13.53 crore assuming full acceptance. This open offer has been triggered under SEBI (SAST) Regulations following the Acquirers' acquisition of shares through a preferential issue (where they received 62% of the 3.50 crore shares allotted) and a Share Purchase Agreement with existing promoter shareholders for 49.20 lakh shares (11.35%). The Acquirers now hold promoter status. The tentative tendering period is from June 17, 2026 to July 1, 2026.
This open offer provides an exit opportunity to public shareholders at ₹12 per share. Upon completion, the Acquirers will gain significant control over the company, reducing public shareholding. Shareholders should carefully evaluate the offer price against the company's fundamentals before tendering their shares.