Fast Track Finsec Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement in terms Regulations 3(1) and 4 read with Regulations 13, 14 and 15(2) and other ....
Awaiting price reaction for this filing.
Fast Track Finsec Pvt Ltd, acting as Manager to the Offer, has submitted the Detailed Public Statement to BSE for an open offer to the public shareholders of Omansh Enterprises Ltd. The offer is being made by four acquirers — Mr. Avnish Jindal, Mr. Piyush Gupta, Mr. Nilesh Jindal, and Mr. Purshottam Kumar Gupta. The acquirers are offering to buy up to 44,03,007 fully paid-up equity shares (face value INR 2 each) at a price of INR 2 per share, representing 25.12% of the expanded voting equity share capital. The offer is being made in compliance with Regulations 13 and 14 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The Detailed Public Statement was published on June 17, 2025 in Business Standard (English and Hindi editions) and Pratahkal (regional Mumbai newspaper).
This is a mandatory open offer triggered under SEBI takeover rules, meaning the acquirers have crossed the shareholding threshold requiring a public offer. Shareholders of Omansh Enterprises can choose to tender their shares at INR 2 per share during the offer period. The very low offer price (equal to face value) may indicate weak investor appetite, and shareholders should weigh the offer price against market value before deciding.