Vivro Financial Services Pvt. Ltd. ("Manager to the Open Offer") has submitted to BSE a copy of Public Announcement ("PA") under Regulation 3(1) and 4 read with Regulation 13, 14, and 15 ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.5 pts more than Nifty Microcap 250 and 4.4 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Five acquirers (Vinesh Shivji Dholu, Jagdish Shivji Dholu, Shivji Karamshi Dholu, Jagruti Vinesh Dholu, Parul Jagdish Dholu) are acquiring Lippi Systems Ltd through a two-part transaction: a Share Purchase Agreement to buy 35,67,969 promoter shares (26.43% of expanded capital) for ₹20.28 crore in cash, and a Share Subscription Agreement for 65,00,000 warrants at ₹56.84 each via preferential issue. This triggers a mandatory open offer under SEBI (SAST) Regulations for up to 33,82,231 shares (25.05% of expanded capital) at ₹56.84 per share, totaling ₹19.22 crore in cash. The existing promoters (Nandlal J. Agrawal group holding ~51%) are selling their stake and will be reclassified from promoter to public. The acquirers will control approximately 74.58% post-transaction and up to 99.63% if all public shareholders tender.
Public shareholders of Lippi Systems have an exit opportunity at ₹56.84 per share. The acquirer group will become the new promoters with majority control. The listing status will be retained and no delisting is proposed.