Open Offer updates
Awaiting price reaction for this filing.
Radhe Dhokla Private Limited along with Pandav Dishant Kanubhai and other acquirers are making an open offer to acquire up to 19,20,000 equity shares of Shantai Industries Ltd at ₹21 per share. This represents 25.60% of the voting share capital of the target company. The offer is being made under SEBI (SAST) Regulations, 2011, which requires open offers to be for at least 26% of voting capital. The Committee of Independent Directors (IDC) of Shantai Industries has published its recommendations on this open offer on May 22, 2026, in major newspapers including Financial Express, Jansatta, Janadesh, and Mumbai Lakshadeep.
This open offer gives existing shareholders an opportunity to exit at ₹21 per share. The acquisition, if successful, will significantly change the ownership structure of Shantai Industries, with acquirers potentially gaining substantial control.