lnteractive Financial Services Limited ("Manager to the Offer") has submitted to BSE a copy of Post Offer Advertisement under Regulation 18 (12) in terms of SEBI (Substantial Acquisition ....
Awaiting price reaction for this filing.
Interactive Financial Services Ltd, acting as Manager to the Offer, has submitted to BSE the Post-Offer Advertisement for the open offer made by Suman Nandi (Acquirer) to acquire up to 17,04,000 equity shares (26% of paid-up capital) of Premium Capital Market & Investments Ltd at Rs. 6.40 per share. The offer opened on January 16, 2026 and closed on January 30, 2026. The response was almost non-existent — only 100 shares were tendered against the 17,04,000 shares sought, with actual consideration of just Rs. 640 paid versus the proposed Rs. 1,09,05,600 size. The Acquirer's shareholding stays unchanged at 15,89,400 shares (24.25%), and public shareholding remains at 73.38%, indicating the takeover bid via the open offer route failed to draw any meaningful participation.
The open offer route has effectively failed — the Acquirer did not achieve control or any meaningful incremental stake, suggesting either a low offer price or lack of shareholder confidence in the acquirer's intent. Shareholders who held out did not tender, and there is no impact on shareholding structure.