Open Offer for Lippi Systems at Rs 56.84 per share - change of control
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Letter of Offer for Open Offer at Lippi Systems. Acquirers (5 members of the Dholu family) are buying 35.67 lakh shares from existing promoters at Rs 56.84 per share (Rs 20.28 crore) plus 65 lakh convertible warrants (Rs 36.94 crore), triggering a change of control. Open offer is for up to 33.82 lakh shares, representing the entire public shareholding of 25.05 percent of expanded capital, at Rs 56.84 per share, totaling Rs 19.22 crore. Offer opens July 20 and closes July 31, 2026. Acquirers are from mining; target makes Roto Gravure printing cylinders.
Public shareholders can tender shares at Rs 56.84 between July 20 and July 31, 2026. Change of control to Dholu family from mining background.