Aryaman Financial Services Ltd ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer to the Equity Shareholders of Fabino Enterprises Ltd ("Target Company").
Price
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Awaiting price reaction for this filing.
Three acquirers (R G Family Trust, Sameer Gupta, and Sundeep Gupta) have entered into a Share Purchase Agreement with Fabino Enterprises' promoters to acquire 11,93,200 shares (56.82%) at ₹18 per share. This mandatory open offer is being made to acquire additional 5,46,000 shares (26.00%) at ₹20 per share in cash, pursuant to SEBI (SAST) Regulations 2011. The offer opens on June 22, 2026 and closes on July 6, 2026. After both transactions (assuming full acceptance), acquirers will hold 82.82% of the company. The last traded price was ₹20.31 per share on April 27, 2026. Post-offer, public shareholding will fall to 17.18%, below the required 25% minimum, requiring future compliance steps.
This represents a change of control with acquirers gaining majority stake. The offer price of ₹20 is marginally below last traded price of ₹20.31. Existing shareholders have an opportunity to exit at a fair price during the tendering period.