Rarever Financial Advisors Pvt. Ltd. (Manager to the Offer) has submitted to the Exchange a copy of Detailed Public Statement in terms of Regulation 4 read with Regulations 13(4), 14(3) and 15(2) and other applicable regulations of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and subsequent amendments thereof for the attention of the public shareholders of Ortin Global Limited (Target Company).
ORTINGLOBE · price
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Awaiting price reaction for this filing.
Rarever Financial Advisors Pvt. Ltd., acting as Manager to the Offer, has submitted a Detailed Public Statement to the Exchange for the public shareholders of Ortin Global Limited. The filing has been made under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011, which govern situations where an acquirer crosses certain shareholding thresholds in a listed company. This typically means a third party is acquiring a significant stake or control in Ortin Global, triggering a mandatory open offer to remaining public shareholders. The detailed public statement provides terms such as offer price, number of shares being offered, and the acquirer's identity and intent.
Public shareholders of Ortin Global should review the offer terms carefully — they will get an exit opportunity at the offer price if they choose to tender shares. The stock may see increased volatility around the offer price in the near term.