Found a bug or want a feature? Verified reports earn free credits.
Log inSign up
शुभ दीपावलीDiwali offer: 3 months free on yearly plans · ends 11 NovSee plans
Back to alerts
BSECharms Industries LtdHighNeutral
Announced Fri, 6 Nov, 2026 · 12:19 IST

Draft open offer of 26% stake at Rs 2 per share

Open offerStrategic Transactions View source PDFExplain this filing
Price reaction

Awaiting price reaction for this filing.

AI summary

Four acquirers filed a draft letter of offer to buy up to 7,437,586 Charms Industries shares, 26% of expanded voting capital, from public shareholders for Rs 2 per share in cash. The offer is scheduled from December 17 to December 31, 2026 and has no minimum acceptance threshold. The wider deal would give the buyers up to 73.41% and change control. Charms shares remain suspended pending depository credit and BSE trading approval.

Likely market impact

Public holders may tender at Rs 2 per share, but shares are suspended and excess tenders may be accepted proportionately. The buyers are expected to gain control.