General Announcement as enclosed herewith.
Awaiting price reaction for this filing.
This filing is a Corrigendum to the Open Offer for Krishna Capital and Securities Limited (KRISHNACAP). The acquirers Ashu Bishnoi and Yagnik Tank have significantly revised the offer size from 18,04,508 shares to 83,04,508 shares (25.04% of Emerging Voting Share Capital). The offer price is ₹20 per share (face value ₹10), totaling ₹16.61 crore for full acceptance. The escrow amount has been increased to ₹4.16 crore (over 25% of offer consideration). Prior to this open offer, the acquirers already acquired 4.08% via Share Purchase Agreement and 70.87% via Preferential Allotment. Upon completion of all transactions, the acquirers will hold 100% of the company.
This is a mandatory open offer that will result in complete change of ownership and delisting risk for KRISHNACAP. Public shareholders have the option to tender their shares at ₹20 per share. Failure to meet minimum public shareholding requirements post-offer may trigger further regulatory actions.