Open Offer at Rs 29 per share for 26 percent of G-Tec Jainx Education
GTECJAINX · price
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G-Tec Education Pvt Ltd and promoter Mr Roychand Chenraj launched an open offer for up to 26,49,166 shares (26 percent) of G-Tec Jainx Education at Rs 29 per share, totaling Rs 7.68 crores in cash. This follows a Share Purchase Agreement where the acquirers bought 12,22,692 shares (12 percent) from existing promoter Mr Sudhakar Sonawane at Rs 25 per share. Acquirer-1 stake rises from 20 to 26 percent, Acquirer-2 from 21.14 to 27.14 percent. Seller will move to public category.
Public shareholders can tender shares at Rs 29. Stock may see interest around offer price. Selling promoter will move to public category.