Swaraj Shares and Securities Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Post-Offer Public Announcement to the Public Shareholders of Nanavati Ventures Ltd ("Target Company").
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Mrs. Nila Biswakarma and Mr. Samad Ahmed Khan (the Acquirers) have made an open offer to buy up to 12,14,200 shares (26% of voting capital) of Nanavati Ventures Ltd from public shareholders at ₹90 per share, totaling a maximum of about ₹10.93 crore in cash. This open offer is mandatory because the Acquirers signed a Share Purchase Agreement on December 30, 2024 to purchase 24,14,100 shares (51.69%) from the existing promoter, Mrs. Kashmira Hemantkumar Nanavati, at ₹51 per share (about ₹12.31 crore). The Post-Offer Public Announcement was published on July 25, 2025 in leading newspapers, indicating the open offer process is now in its post-offer stage. Swaraj Shares and Securities is acting as the manager to the offer.
This is a change-of-control event — the Acquirers are taking over the promoter stake (51.69%) and are offering a 76% premium over the SPA price (₹90 vs ₹51) to public shareholders. Shareholders can choose to tender shares at ₹90 in the open offer window or hold for the long term under new management.