VC Corporate Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer for the attention of the Public Shareholders of Grameva Ltd ("Target Company").
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.3 pts more than Nifty Microcap 250 and 4.5 pts more than its Paper, Forest & Jute Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
VC Corporate Advisors Pvt Ltd, acting as Manager to the Offer, has submitted a Draft Letter of Offer to BSE for Grameva Ltd (formerly Bangalore Fort Farms Limited). The open offer is being made by Mrs. Maneesha Singh, Jagsakti Merchandise Pvt Ltd, and Ros Advisory Pvt Ltd collectively to acquire up to 12,47,844 equity shares (26% of paid-up capital) at Rs. 30 per share, amounting to a total offer size of Rs. 3.74 crore. This follows a Share Purchase Agreement dated January 31, 2026, where Mrs. Maneesha Singh agreed to buy 15,95,693 shares (33.25% stake) from existing promoter Genesis Trade-Links Pvt Ltd at Rs. 28 per share, triggering a change in control and management. The offer also regularises a past SEBI (SAST) non-compliance from a 2017 preferential allotment by two of the acquirers. The tendering period is scheduled from March 30, 2026 to April 15, 2026, and the current market price of Rs. 64 is more than double the offer price of Rs. 30.
The offer price of Rs. 30 is significantly below the current market price of Rs. 64, making the offer unattractive for shareholders to tender. However, the takeover will result in a change of promoter and management control at Grameva Ltd, so shareholders should wait for the independent directors' committee recommendation before deciding.