Grow House Wealth Management Pvt. Ltd. ("Manager to the Offer") has submitted to BSE a copy of Pre-Offer Advertisement cum Corrigendum to the Public Announcement, Detailed Public Statement ....
Awaiting price reaction for this filing.
Onix Solar Energy Ltd (formerly ABC Gas (International) Ltd) is the subject of an open offer triggered by a preferential allotment to M/s Onix Renewable Limited (the Acquirer) along with three PACs (Divyesh, Piyush, and Khilan Savaliya). The Acquirer is buying 16,27,698 equity shares (6.44% of the emerging voting share capital) from public shareholders at ₹264 per share in cash, under SEBI Takeover Regulations 3(1) & 4. The Pre-Offer Advertisement cum Corrigendum was published on October 17, 2025 in Financial Express, Jansatta, and Mumbai Lakshadeep. The public shareholders can tender their shares during the Tendering Period from October 20, 2025 to November 4, 2025. The Independent Directors have given their recommendation on the offer, approved on October 14, 2025. Grow House Wealth Management Pvt. Ltd. is the Manager to the Offer.
Public shareholders of Onix Solar Energy Ltd have a cash exit opportunity at ₹264 per share during the tendering window (Oct 20 – Nov 4, 2025). The open offer is triggered by the preferential issue to the new promoter group, signalling a change in control which may lead to increased stock price volatility around the tendering period.