Open offer triggered after Darsh Advisory buys 72% stake in Kenrik Industries

Listed-company acquisitionOpen offer triggeredStrategic Transactions View source PDF Explain this filing

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AI summary

Darsh Advisory has signed a Share Purchase Agreement on Aug 27, 2026 to buy 89,99,500 shares (72.01%) of Kenrik Industries at Rs 10 per share from existing promoters for Rs 9 crore. This triggers a mandatory open offer for an additional 26% or 32,49,454 shares at Rs 10 per share, worth about Rs 3.25 crore in cash. Post deal, Darsh Advisory will become the sole new promoter and the current sellers will exit. Kenrik is listed on the BSE SME platform.

Likely market impact

Change of control at Kenrik Industries. New promoter Darsh Advisory taking over. Public shareholders can tender shares at Rs 10 in the open offer.