Srujan Alpha Capital Advisors LLP ("Manager to the Offer") has submitted to BSE a copy of Pre-Offer Advertisement cum corrigendum to the Detailed Public Statement for the attention of the ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Srujan Alpha Capital Advisors LLP, the manager to the offer, has submitted a Pre-Offer Advertisement cum corrigendum to BSE for an open offer on Lykis Limited. Parshav Vatika LLP (the Acquirer), along with K8 Products LLP and Tidagela Ventures Private Limited (PACs), is offering to buy 50,37,541 equity shares — representing 26% of the voting share capital — at ₹34.50 per share in cash. This is a mandatory open offer triggered under SEBI's Takeover Regulations following an underlying acquisition. The Independent Directors Committee of Lykis has reviewed the offer and recommended it as fair and reasonable. The tendering period for public shareholders runs from March 17, 2026 to April 2, 2026, with final payment/return of shares expected by April 20, 2026. No competing bids have been received.
Public shareholders of Lykis can tender their shares at ₹34.50 during the offer window. The IDC's fairness recommendation provides comfort to investors, and the absence of a competing bid means the floor price is settled. Share price may see some support around the offer price, but those holding above ₹34.50 should weigh the premium versus market price before tendering.