Aryaman Financial Services Ltd ("Manager to the Offer") has submitted to BSE a copy of newspaper cutting of the Post Offer Advertisement, which is published on March 11, 2026 for the attention ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Aryaman Financial Services, manager to the open offer for Net Pix Shorts Digital Media Ltd, submitted the Post Offer Advertisement for the takeover by Ritesh Tiwari and Deenanath Tiwari. The offer was for 8,32,016 equity shares (26% of capital) at Rs. 32 per share, running from February 13 to February 27, 2026, with payment completed on March 9, 2026. However, the response was very poor — only 60,000 shares (1.87%) were tendered and accepted, against the proposed 8,32,016 shares, taking in just Rs. 19.2 lakh instead of the planned Rs. 2.66 crore. The acquirers separately got 23,00,000 shares (71.87%) through a Share Purchase Agreement, taking their total post-offer holding to 73.75% (23,60,000 shares), well below the originally envisaged 97.87%.
Shareholders showed weak interest in tendering at Rs. 32, leaving public holding at 26.25% rather than the expected 2.13% — a sign of either low offer price appeal or reluctance to exit. With acquirers still holding 73.75%, control of the company has effectively changed hands, and the remaining public float is meaningfully higher than anticipated, which could affect liquidity and future delisting prospects.