BSEECS Biztech LtdHighNeutral
Announced Wed, 5 Aug, 2026 · 17:55 IST
Open Offer at Rs 10.50 per share for 26 percent stake in ECS Biztech
Price reaction
Awaiting price reaction for this filing.
AI summary
Mr. Rakesh Ramanlal Shah and PAC Komal Infotech Pvt Ltd have made a mandatory open offer to buy up to 53,44,313 shares (26%) of ECS Biztech at Rs 10.50 per share, totaling about Rs 5.61 crore. This follows an SPA dated July 29, 2026 to acquire 65.42% stake from existing promoters at Rs 2.26 per share. Post-offer, acquirers will hold 91.42% of the company. Offer opens Sep 22 and closes Oct 6, 2026. Listing on BSE will be retained.
Likely market impact
Public shareholders can tender shares at Rs 10.50. Acquirer group gains 91.42% control post-offer. Listing retained, no delisting planned.