Intimation of Receipt of Letter of Offer in relation to Open Offer to Public Shareholders of the Company.
Awaiting price reaction for this filing.
Premium Capital Market & Investments Ltd (BSE: 511660) has received the Letter of Offer for an Open Offer made by Mr. Suman Nandi under Regulation 4 of SEBI (SAST) Regulations, 2011. The Acquirer already holds 24.25% (15,89,300 shares) and now proposes to acquire up to 17,04,000 additional equity shares, representing 26% of the paid-up capital, at ₹6.40 per share — totaling ~₹1.09 crore in cash consideration. The offer is being made with the intent to acquire management control; upon completion, Mr. Nandi will become the promoter and the existing promoter group will be reclassified as public shareholders. The offer window opens on January 16, 2026 and closes on January 30, 2026.
This is a change-of-control open offer for a small-cap BSE-listed company. Shareholders can tender their shares at ₹6.40 per share (note: this is below the ₹10 face value). The offer is not conditional on minimum acceptance, and the Acquirer already has a foothold at 24.25%, increasing the likelihood of control transfer. Shareholders should weigh the offer price against prevailing market price before deciding to tender.