Open Offer for 26% stake in Ortin Global at Rs 14.65 per share
ORTINGLOBE · price
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On the reaction day the stock moved 4.7 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mr. Parveen Satija has triggered a mandatory open offer to acquire up to 21,14,162 shares (26%) of Ortin Global Limited at Rs 14.65 per share, totaling about Rs 3.10 crores. The offer follows an SPA signed Feb 10, 2026 with four promoter sellers for 1.23% stake, causing a change in control. Post-offer, the acquirer will hold 27.23%. The target is a small-cap chemicals and pharma firm with consecutive losses and declining revenues.
Open offer at Rs 14.65 gives public shareholders an exit option. Change of control incoming in a loss-making small-cap, so investor response may be muted.