Saffron Capital Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Offer Opening Public Announcement under Regulation 18(7) of the Securities and Exchange Board of ....
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Saffron Capital Advisors, acting as Manager to the Offer, has submitted an Offer Opening Public Announcement to BSE for Ironwood Education Ltd under SEBI (SAST) Regulations, 2011. Four acquirers — Balaji Raghavan, Manojshankar Tripathi, Rushabh Chaubey, and Nitish Nagori — are jointly making a cash open offer to acquire up to 33,33,030 equity shares (22.12% of voting capital) from public shareholders at ₹36.10 per share, aggregating to approximately ₹12.03 crore. The offer price includes a ₹0.10 per share interest component for a one-day delay in filing the public announcement. The announcement was published on April 29, 2025 in Financial Express (English), Jansatta (Hindi), and Pratahkal (Marathi).
Public shareholders of Ironwood Education can tender their shares at ₹36.10 per share during the open offer window. The offer signals a potential change in control or significant stake consolidation by the four acquirers, and shareholders should compare the offer price with prevailing market price before deciding to tender.