Grow House Wealth Management Pvt. Ltd. ("Manager to the Offer") has submitted to BSE a copy of Corridendum to the Letter of Offer and Pre-Offer Advertisement cum Corrigendum to the Public ....
Awaiting price reaction for this filing.
Onix Renewable Limited (the Acquirer), along with three Persons Acting in Concert (PACs – Divyesh Savaliya, Piyush Savaliya, and Khilan Savalija), has issued a corrigendum to the Letter of Offer for an open offer to buy 16,27,698 equity shares of Onix Solar Energy Ltd (formerly ABC Gas International Ltd), representing 6.44% of the emerging voting share capital. The offer price is ₹264 per share, and the open offer is being made under SEBI Takeover Regulations (Regulations 3(1) & 4). The corrigendum was filed on October 17, 2025, correcting the original letter of offer dated October 10, 2025, and the corrigendum notice was published in Financial Express, Jansatta, and Mumbai Lakshadeep. Grow House Wealth Management Pvt. Ltd. is acting as the Manager to the Offer. After the offer, the Acquirer's holding would rise to 20,24,525 shares (80.75%), with public shareholding dropping to 81.02% post-open offer.
Public shareholders of Onix Solar Energy can tender their shares at ₹264 each during the open offer window. The correction is administrative and does not change the core offer terms — shareholders should review the corrigendum carefully to confirm any revised dates or details before deciding to tender.