Open Offer for Dolphin Medical Services at Rs 4.80 per share

Open Offer TriggeredListed Co AcquisitionStrategic Transactions View source PDF Explain this filing

Price reaction

Awaiting price reaction for this filing.

AI summary

Pre-offer advertisement filed for open offer by Mr. Amarandhar Reddy Kotha and Mr. Mallour Rajesh Kumar to acquire 39,25,988 shares (26% of capital) of Dolphin Medical Services at Rs 4.80 per share. Offer runs July 31 to August 13, 2026. Independent Directors Committee deems the price fair. No competing offer or statutory approvals needed. Escrow holds Rs 1.90 crore, over 100% of consideration.

Likely market impact

Public shareholders can tender shares between July 31 and August 13, 2026 at Rs 4.80 each, deemed fair by Independent Directors.