Bonanza Portfolio Ltd ("Manager to the Offer") has submitted to BSE a copy of Post-Offer Advertisement under Regulation 18(12) in terms of SEBI (SAST) Regulations, 2011 for the attention ....
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Awaiting price reaction for this filing.
Bonanza Portfolio Ltd, acting as Manager to the Offer, has submitted the Post-Offer Advertisement to BSE under Regulation 18(12) of SEBI (SAST) Regulations, 2011, for Indian Link Chain Manufacturers Ltd. The open offer was made by Mr. Rajendra Kamalakant Chodankar (Acquirer) following a Share Purchase Agreement dated May 13, 2025, to acquire 10,00,000 equity shares from Promoters/Sellers. The open offer to public shareholders was for 7,93,000 fully paid-up equity shares (representing 26.00% of the company) at a price of Rs. 71 per share (face value Rs. 10). The advertisement was published in Financial Express (All Editions) and Mumbai Lakshadeep (Marathi Daily, Mumbai Edition) on November 27, 2025.
This is a routine post-offer compliance filing confirming publication of the open offer advertisement after the offer closed. For shareholders, it signals completion of the takeover process by Mr. Chodankar, though specific tendering results are not disclosed in this filing. The stock may have already priced in the takeover, but the final shareholding change could trigger minor volatility.