Bajaj Capital Securities Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Pre-Offer Advertisement in accordance with Regulation 18(7) of the Securities and Exchange Board ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bajaj Capital Securities Ltd, the Manager to the Open Offer, has submitted the Pre-Offer Advertisement-cum-Corrigendum to BSE for Hindustan Agrigenetics Ltd. Acquirer Mr. Rajendra Naniwadekar (who already holds 24.10% stake) is making a mandatory open offer under SEBI Takeover Regulations to acquire up to 11,44,052 equity shares (26% of voting capital) from public shareholders at INR 54 per share. The offer was triggered by a Share Purchase Agreement dated January 13, 2025 with selling promoter Pritam Kapur for an additional 1% stake, after which the Acquirer will hold 25.10% and take management control of the company. The Committee of Independent Directors has recommended the offer price as fair and reasonable. The Tendering Period runs from September 8, 2025 to September 19, 2025.
This represents a change of control transaction — public shareholders can tender shares at INR 54/share during the Sept 8–19 window. Post-offer, the Acquirer could hold up to 51.10% of the company, signaling a likely re-rating and shift in management direction.