Mark Corporate Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer for the attention of the eligible equity shareholders of EMA India Ltd ("Target Company").
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mark Corporate Advisors has submitted the Draft Letter of Offer to BSE for an open offer to acquire EMA India Ltd. The acquirers are Dynalog (India) Limited along with five members of the Adhalrao family. They have signed a Share Purchase Agreement on July 30, 2025 to buy 4,52,549 shares (45.03% stake) from existing promoters at ₹124 per share, aggregating to ₹5.61 crore. This triggers a mandatory open offer under SEBI Takeover Regulations for an additional 2,61,300 shares (26% of voting capital) at the same price of ₹124 per share, totaling about ₹3.24 crore. The offer opens on September 24, 2025 and closes on October 8, 2025. Upon completion, control of EMA India will shift to the acquirers and existing promoters will be declassified.
Shareholders can tender their shares at ₹124 per share during the tendering period from Sept 24 to Oct 8, 2025. The offer price may act as a floor for the stock price, and completion will result in a change of promoter and management control at EMA India.