Swaraj Shares and Securities Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of recommendations of the Committee of Independent Directors ("IDC") to the Public Shareholders ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Torextron Ventures Private Limited is making an open offer to buy up to 18,09,967 shares (26% of voting capital) of Mardia Samyoung Capillary Tubes from public shareholders at ₹35 per share, totaling up to about ₹90.5 lakh in cash. This offer was triggered by a Share Purchase Agreement signed on December 17, 2024, under which Torextron will buy 48,31,595 shares (around 69.4%) from 14 promoter/promoter-group sellers at ₹5 per share, aggregating about ₹2.42 crore. The Committee of Independent Directors of Mardia Samyoung has reviewed the offer documents and unanimously recommended the offer as fair and reasonable and in line with SEBI takeover rules. Public shareholders are advised to independently review the Letter of Offer dated June 7, 2025, including risk factors, before deciding whether to tender.
Public shareholders now have a formal, regulator-backed exit window at ₹35 per share, though they should weigh this against the much lower ₹5 per share price paid to promoters in the underlying deal, which signals weak valuation. The stock may see heightened activity around the tendering window as the acquirer moves toward majority control.