Systematix Corporate Services Limited ("Manager to the Offer") has submitted to BSE a copy of Corrigendum to the Detailed Public Statement with respect to the Open Offer to the Public Shareholders ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Akshayam Creations LLP, along with four persons acting in concert, has issued a corrigendum to its earlier Detailed Public Statement for an open offer to acquire up to 10,00,805 equity shares (26% of total voting share capital) of Kandagiri Spinning Mills Limited at Rs. 25 per share. The corrigendum was issued following SEBI observations dated April 17, 2025, and was published in five newspapers (English, Hindi, Marathi, and two Tamil dailies) on April 25, 2025. The offer is being made under SEBI's Substantial Acquisition of Shares and Takeover Regulations, 2011.
For shareholders of Kandagiri Spinning Mills, this confirms an ongoing open offer at Rs. 25 per share, giving them an opportunity to exit at this price if they choose. The corrigendum suggests SEBI asked for minor clarifications or corrections to the original offer document, which is a routine step and does not materially change the offer terms.