BSEECS Biztech LtdHighNeutral
Announced Wed, 29 Jul, 2026 · 19:38 IST
Open offer at Rs 10.50 per share for ECS Biztech after 65.42% stake acquisition
Listed-company acquisitionOpen offer triggeredStrategic Transactions View source PDFExplain this filing
Price reaction
Awaiting price reaction for this filing.
AI summary
Mr. Rakesh Ramanlal Shah and Komal Infotech (PAC) signed a Share Purchase Agreement on July 29, 2026, to acquire 65.42% stake (1.34 crore shares) in ECS Biztech from promoters at Rs. 2.26 per share. This triggers a mandatory open offer for an additional 26% (53.44 lakh shares) at Rs. 10.50 per share, totalling Rs. 5.61 crore. The acquirer will hold 65.42% post-deal. No delisting planned.
Likely market impact
Public shareholders can tender shares at Rs. 10.50. Change of control to new promoter group. No delisting planned, so listing continues.