Pre-Offer ad for Open Offer at Rs 56.84 per share for Lippi Systems acquisition
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Lippi Systems received the Pre-Offer Advertisement for a mandatory Open Offer under SEBI SAST Regulations. Five Dholu family members as acquirers are buying up to 33,82,231 shares (100 percent of public holding, 25.05 percent of expanded capital) at Rs 56.84 per share in cash. This follows the promoter Agrawal family selling their 51.68 percent stake via Share Purchase Agreement. Post-deal acquirers will hold 99.63 percent. Tendering period is July 20 to July 31, 2026. The Independent Directors Committee has deemed the offer price fair and reasonable. No competing offer received.
Public shareholders can tender shares at Rs 56.84 between July 20 and July 31, 2026. Post-open offer the acquirers will end up owning 99.63 percent of the company.