Saffron Capital Advisors Pvt Ltd (Manager to the open offer) has published an Post - Open Offer advertisement in newspapers of 18th April 2025.
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Awaiting price reaction for this filing.
Saffron Capital Advisors, the manager to the open offer, has published a Post-Open Offer advertisement on April 18, 2025, as required under SEBI's Takeover Regulations. The offer was made jointly by Pioneer Jellice India Pvt Ltd (Acquirer 1) and Ashok Matches and Timber Industries Pvt Ltd (Acquirer 2) to buy up to 18,43,998 equity shares of India Gelatine from public shareholders at ₹408.90 per share, totalling up to ₹75.40 crore. The advertisement appeared in Financial Express (English, all editions), Jansatta (Hindi, all editions), Financial Express (Gujarati, Ahmedabad edition) and Navshakti (Marathi, Mumbai edition). This is a routine regulatory filing confirming the conclusion of the open offer process.
For current shareholders, this is a post-event regulatory disclosure confirming that the open offer process has formally closed. No immediate action required unless a shareholder had tendered shares and is awaiting settlement. It also indicates that the acquirers' consolidated shareholding may have crossed the open offer threshold.