Grow House Wealth Management Pvt. Ltd. ("Manager to the Offer") has submitted to BSE a copy of Post-Offer advertisement to the public shareholders of Onix Solar Energy Ltd ("Target Company").
Awaiting price reaction for this filing.
Grow House Wealth Management Pvt. Ltd., the Manager to the Offer, has submitted the Post-Offer Advertisement to BSE for an open offer made by M/s Onix Renewable Limited (Acquirer) along with PACs – Divyesh Mansukhbhai Savaliya, Piyush Mansukhbhai Savaliya, and Khilan Hareshbhai Savaliya. The offer was for acquisition of 16,27,698 equity shares (7.94% of the Emerging Voting Share Capital) of Onix Solar Energy Ltd (formerly ABC Gas International Ltd) at ₹264 per share, under SEBI Takeover Regulations. The Post-Offer Advertisement was published on November 21, 2025 in Financial Express, Jansatta, and Mumbai Lakshadeep, marking the closing stage of the open offer process that began with a Public Announcement on June 11, 2025.
This filing signals the conclusion of the open offer process for Onix Solar Energy Ltd. Public shareholders who tendered shares will now receive settlement at ₹264/share. The acquirer and PACs will consolidate their holding in the company, potentially leading to changes in the board composition and corporate control going forward.