Attached is the newspaper advertsiement issued by the Merchant banker M/s. Galactico Corporate Services Limited
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iStreet Network Limited (Scrip Code: 524622) has submitted to BSE a copy of a newspaper advertisement published by its Merchant Banker, M/s. Galactico Corporate Services Limited, in connection with an open offer process for the company. The letter was addressed to BSE's Corporate Services department and dated May 12, 2025. This is a routine compliance filing under SEBI takeover regulations, where the merchant banker publishes an advertisement to inform public shareholders about the open offer. The rest of the document contains unrelated newspaper content from the same publication page.
This filing signals that an open offer for iStreet Network's shares is in progress or about to be launched. Shareholders should watch for the detailed public announcement from the acquirer and merchant banker, which will specify the offer price, number of shares being bought, and the timeline. The stock could see volatility around the open offer window.