Mark Corporate Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Post Offer Advertisement under Regulation 18 (12) of Securities and Exchange Board of India (Substantial ....
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Awaiting price reaction for this filing.
Mark Corporate Advisors, the Manager to the Offer, has filed a Post Offer Advertisement for the open offer made by the Aggarwal family (Raman, Anju, and Shrey Aggarwal) to acquire up to 15,60,000 equity shares (26.03%) of Jetmall Spices and Masala Ltd at ₹12.50 per share. The offer opened on September 17, 2025 and closed on September 30, 2025, with settlement completed on October 7, 2025. Critically, no public shareholders tendered any shares in the open offer, meaning no consideration was paid out. The acquirers already held 15.22% before the announcement and acquired an additional 20.10% via a Share Purchase Agreement, ending with a post-offer shareholding of 35.31%. The public shareholding remains unchanged at 64.69%.
This is effectively a failed open offer — zero shares were tendered, so the acquirers did not increase their stake beyond what they already bought through the Share Purchase Agreement. For shareholders, this signals weak market confidence in the offer price or the acquirers' plans, and the stock may see limited price action from this event.