Open Offer- Public Announcement
Awaiting price reaction for this filing.
Senthil Infotek Limited has received a Public Announcement for a mandatory Open Offer triggered under SEBI (SAST) Regulations. Two acquirers - Mr. Kolli Murali Krishna and Mr. Gogineni Srinivas - have executed a Share Purchase Agreement dated April 8, 2026, with existing promoters to acquire 31,76,300 shares (62.90% stake) at Rs. 8 per share, totaling Rs. 1.74 crore. This acquisition has triggered a mandatory Open Offer for an additional 13,13,000 shares (26% of voting capital) at the same price of Rs. 8 per share, requiring Rs. 1.05 crore in cash consideration. Upon completion, the acquirers will hold up to 88.90% of the company, and the existing promoter group will exit and be reclassified as public shareholders. The acquirers have stated they do not intend to delist the company.
Existing promoters are exiting the company after selling their combined 62.90% stake. The mandatory Open Offer at Rs. 8 per share gives public shareholders an opportunity to exit at the same price. Post-transaction, public shareholding will reduce significantly, and the new acquirers will take control as promoters.