Pre-Offer Advertisement cum Corrigendum to Detailed Public Statement.
Price
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Lykis Ltd has issued a pre-offer advertisement along with a corrigendum to the Detailed Public Statement related to an Open Offer by Parshav Vatika LLP (Acquirer) along with K8 Products LLP and Tidagela Ventures Private Limited (PACs). The acquirer group is offering to buy up to 50,37,541 equity shares (26% of voting share capital) from public shareholders at ₹34.50 per share. This is a mandatory open offer under SEBI Takeover Regulations triggered by an underlying acquisition. The Independent Directors Committee has recommended the offer as fair and reasonable. No competitive bids were received, and no statutory approvals are required.
Shareholders can tender their shares between March 17, 2026 and April 02, 2026 at ₹34.50 per share. The IDCs positive recommendation and absence of a competing offer suggest the deal is proceeding smoothly, providing a clear exit opportunity for public shareholders at the stated price.