Open Offer by Dholu family to acquire 25.05% in Lippi Systems at Rs 56.84 per share
Price
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Mandatory open offer by 5 Dholu family members to acquire up to 33,82,231 shares (25.05% of expanded capital) of Lippi Systems at Rs 56.84 per share, aggregating Rs 19.22 crore. Triggered by SPA to purchase 35,67,969 shares from existing promoters at the same price for Rs 20.28 crore and SSA for preferential issue of 65 lakh warrants at Rs 56.84 for Rs 36.95 crore. Offer opens July 20, 2026 and closes July 31, 2026. Acquirers are from the mining sector while the target makes Roto Gravure cylinders. Merchant banker is Vivro Financial Services.
Public shareholders can tender shares at Rs 56.84 each between July 20 to July 31, 2026. Change of control expected with new promoter group taking over.