BSEECS Biztech LtdHighNeutral
Announced Wed, 12 Aug, 2026 · 17:01 IST
Open Offer at Rs 10.50 per share for 26% of ECS Biztech by Rakesh Shah and PAC
Price reaction
Awaiting price reaction for this filing.
AI summary
Draft Letter of Offer filed for open offer to acquire up to 53,44,313 shares (26%) of ECS Biztech at Rs 10.50 per share, totaling about Rs 5.61 crore. Triggered by an SPA where Mr. Rakesh Shah and Komal Infotech (PAC) will buy 1,34,46,936 shares (65.42%) from promoters at Rs 2.26 per share. Offer opens Sep 22 and closes Oct 6, 2026.
Likely market impact
Public shareholders can tender shares at Rs 10.50 during offer window. Change of control expected as existing promoters fully exit.