Vivro Financial Services Pvt. Ltd. ("Manager to the Open Offer") has submitted to BSE a copy of Pre-Offer Advertisement in accordance with Regulation 18(7) of the Securities and Exchange ....
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Vivro Financial Services, acting as the Manager to the Open Offer, has submitted the Pre-Offer Advertisement for an open offer to acquire up to 67,50,000 equity shares of Glittek Granites Limited. The offer is being made by 6 individual Acquirers (the Thanki family members) and Rawmin Mining and Industries Pvt. Ltd. as Person Acting in Concert (PAC), in compliance with SEBI (SAST) Regulations, 2011. The advertisement was published on May 18, 2026 in four newspapers: Financial Express (English), Jansatta (Hindi), Navshakti (Marathi), and Udaykala (Kannada). A concurrent bank auction for the target company's properties is also mentioned in the document, with an e-auction scheduled for June 8, 2026.
This is a mandatory open offer following a substantial acquisition, indicating a likely change in control of Glittek Granites. Shareholders should note the offer details including the number of shares and offer price when formally announced, as it presents an exit opportunity at the offered price.