Almondz Financial Services Ltd ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement in accordance with the provisions of Regulations 13(4), 14(3) and 15(2) ....
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Almondz Financial Services, acting as the manager to the offer, has submitted the Detailed Public Statement (DPS) for an open offer on Lake Shore Realty Ltd (formerly Mahaan Foods Limited). The acquirers — AL MAHA Investment Fund PCC-Onyx Strategy (Acquirer 1) and Indigo Infracon Private Limited (Acquirer 2) — are looking to buy up to 9,10,182 equity shares (face value Rs. 10 each), representing 26% of the equity share capital, from public shareholders. The offer is being made under SEBI's Takeover Regulations, 2011. The DPS was published on June 6, 2025, in Financial Express, Jansatta, and Pratahkaal newspapers. The original public announcement was made on May 30, 2025, with a corrigendum issued on June 2, 2025.
Public shareholders of Lake Shore Realty can tender their shares in the open offer. This development signals a change in control/ownership and could lead to price discovery and potential re-rating of the stock. Investors should review the offer price and terms in the Detailed Public Statement before deciding to participate.