Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Advertisement of committee of independent directors in terms of Regulation 26(7) of SEBI SAST (Regulations), ....
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Navigant Corporate Advisors Ltd, acting as Manager to the Offer, has submitted to BSE the Independent Directors Committee's (IDC) advertisement under SEBI SAST Regulation 26(7) for an open offer on Esaar India Ltd. The offer is by M/s Prabhat Capital Investments Limited (the Acquirer) to purchase up to 53,15,050 equity shares (26% of paid-up capital) at Rs. 8.00 per share, plus 10% annual interest for any delay in payment. The advertisement was published on 27 August 2025 in Financial Express (English), Jansatta (Hindi), and Pratahkal (Marathi). The IDC is chaired by Mrs. Dipti Shashank Yelve.
Existing shareholders of Esaar India Ltd can now review the Independent Directors Committee's formal recommendation on whether to accept or reject the Rs. 8.00 per share open offer from Prabhat Capital Investments. The Rs. 8.00 offer price is the key reference point for shareholders to evaluate their exit decision.