Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Corrigendum to the Public Statement for attention to the Shareholders of Esaar India Ltd ("Target Company").
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Awaiting price reaction for this filing.
Navigant Corporate Advisors, the manager to the offer, has submitted a corrigendum (correction) to the detailed public statement originally published on 19 August 2025 regarding an open offer for Esaar India Ltd. The acquirer, Prabhat Capital Investments Ltd, is offering to buy up to 53,15,050 equity shares at Rs. 8.00 per share, representing 26% of the company's voting share capital. The offer price includes 10% per annum interest for any delay in payment beyond the scheduled payment date. The corrigendum was published in Financial Express (English), Jansatta (Hindi), and Pratahkal (Marathi) newspapers. The filing is made under SEBI's Substantial Acquisition and Takeover (SAST) Regulations, 2011.
Shareholders should review the corrigendum carefully as it may contain changes to the original offer terms. The open offer at Rs. 8.00 per share provides an exit opportunity for shareholders willing to tender their shares, though the premium relative to current market price will determine its attractiveness.