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").
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
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.