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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Mark Corporate Advisors, the manager to the open offer for Arunis Abode Limited, has submitted the mandatory Post Offer Advertisement to BSE for the open offer made by three acquirers (Ayush Jasani, Dharmendrabhai Jasani, and Yagnik Tank) at ₹35 per equity share. The offer, which ran from March 13 to March 27, 2025, received an extremely poor response, with only 6,215 shares tendered against a maximum offer size of 7,80,000 shares (26% of voting capital). Through a Share Purchase Agreement, the acquirers had already taken 70.17% stake, and post-offer their holding stands at 70.37%. Actual offer consideration utilized was just ₹2,17,525 versus a potential ₹2.73 crore. Payment to shareholders who tendered was completed on April 4, 2025, and public shareholding remains at 29.63%, well above the minimum public shareholding threshold.
The open offer was effectively a formality — public shareholders showed almost no interest, with only 0.21% of the targeted shares tendered. Controlling shareholders have solidified their grip on the company, and the stock is likely to remain illiquid with minimal trading interest going forward. Existing public shareholders retain about 29.63% of the company, which is still above SEBI's minimum public shareholding requirement.