Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 regarding Draft letter of Offer in relation to Open Offer to Public Shareholders ....
Awaiting price reaction for this filing.
Premium Capital Market and Investments Ltd (BSE: 511660) has disclosed a Draft Letter of Offer for an Open Offer made by Mr. Suman Nandi (the Acquirer) under SEBI Takeover Regulations. The Acquirer is offering to buy up to 17,04,000 equity shares (26% of paid-up capital) from public shareholders at Rs. 6.40 per share, taking the total offer size to about Rs. 1.09 crore. Mr. Suman Nandi already holds 15,89,300 shares (24.25%) in the company and, upon completion of the offer, will become the new Promoter with majority control. The existing promoters will be reclassified as public shareholders. The tendering window runs from November 18, 2025 to December 1, 2025, with Interactive Financial Services acting as the Manager to the Offer.
This open offer signals a change in control of the listed company, with Mr. Suman Nandi set to take over as Promoter. Public shareholders can tender their shares at Rs. 6.40 per share in cash during the offer period, though acceptance may be on a proportionate basis if oversubscribed.