Swaraj Shares and Securities Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Post-Offer Public Announcement to the public shareholders of Pet Plastics Ltd ("Target Company").
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Awaiting price reaction for this filing.
Mr. Abhinath Manikrao Shinde and Mr. Ketan Ishwarlal Kataria (collectively, the Acquirers) have made an open offer to buy up to 1,30,000 shares, representing 26% of the voting share capital, from public shareholders of Pet Plastics Ltd at an offer price of ₹175 per share. The offer is triggered under SEBI (SAST) Regulations 3(1) and 4 following two underlying Share Purchase Agreements: the Acquirers are buying 1,45,500 shares (29.10%) from the Selling Promoter Shareholder at ₹124 per share (total ~₹1.80 crore), and Acquirer 1 is buying 1,00,000 shares (20%) from a Selling Public Shareholder at ₹130 per share (total ~₹1.30 crore). Swaraj Shares and Securities Pvt Ltd is acting as the Manager to the Offer. The Post-Offer Public Announcement was published on April 17, 2025 in Financial Express, Jansatta, and Mumbai Lakshadeep.
Public shareholders of Pet Plastics Ltd can tender their shares in the open offer at ₹175 per share until the offer window closes. The change in controlling shareholders (via promoter share sale) signals a potential shift in management direction, which investors should monitor closely.