VC Corporate Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Offer Opening Public Announcement cum Corrigendum to the Detailed Public Statement to the Public Shareholders ....
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On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 0.3 pts less 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.
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A group of three acquirers — Mrs. Maneesha Singh, Jagsakti Merchandise Private Limited, and Ros Advisory Private Limited — has announced an open offer to buy up to 12,47,844 equity shares of Grameva Ltd, which is 26% of the company's paid-up share capital. The offer price is based on shares with a face value of Rs. 10 each. The Offer Opening Public Announcement along with a corrigendum to the Detailed Public Statement was published in newspapers (Financial Express, Jansatta, Pratahkal, and Arthik Lipi) on March 30, 2026. The filing has been made by VC Corporate Advisors Pvt Ltd, the manager to the offer, under SEBI's takeover regulations (Regulation 18(7)).
Public shareholders of Grameva Ltd now have the option to tender their shares in this open offer. The 26% acquisition size signals a significant change in the company's ownership structure, which could lead to a shift in control or management.