Grow House Wealth Management Pvt. Ltd. ("Manager to the Open Offer") has submitted to BSE a copy of Detailed Public Statement in terms of Regulation 13(4), 14(3) and 15(2) and other applicable ....
Awaiting price reaction for this filing.
Onix Solar Energy Ltd (formerly ABC Gas International Ltd) has filed the Detailed Public Statement (DPS) for an open offer triggered by acquisition. Onix Renewable Ltd (formerly Onix Structure Pvt Ltd) along with three PACs (Divyesh, Piyush, and Khilan Savaliya) is making a mandatory open offer to buy up to 16,27,698 equity shares (6.44% of emerging voting share capital) from public shareholders at ₹264 per share. The trigger appears to be a share acquisition approved at the board meeting on May 31, 2025. The offer is being managed by Grow House Wealth Management Pvt Ltd. The shares currently trade under BSE's Enhanced Surveillance Measure (ESM) Stage 2. Key dates include DPS publication on June 18, 2025, with tendering period expected around late July to early August 2025.
Public shareholders can tender their shares at ₹264 each during the offer window. The ESM Stage 2 status signals heightened risk and lower liquidity for the stock, so investors should weigh the offer price carefully against market price and trading risks before participating.