Swaraj Shares and Securities Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Pre-Offer Advertisement and Corrigendum to the Detailed Public Statement under Regulation 18(7) ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mr. Parmanand Chand (Acquirer) has triggered an Open Offer to buy up to 19,44,306 shares of PFL Infotech Ltd, representing 26% of the voting share capital, from public shareholders at ₹2.00 per share in cash. The offer was triggered by a Share Purchase Agreement dated December 2, 2024, under which the Acquirer will purchase 4,85,730 shares (6.50%) from existing promoters Mr. Pulla Amresh Kumar and Mr. Pulla Srikanth at the same ₹2.00 price. This filing is a Pre-Offer Advertisement cum Corrigendum under SEBI (SAST) Regulation 18(7), with the revised tendering period scheduled from July 18 to July 31, 2025. The tendering window opens on Friday, July 18, 2025 and closes on Thursday, July 31, 2025.
Public shareholders can tender their shares in the Open Offer at ₹2.00 per share between July 18 and July 31, 2025. The change in promoter control combined with a 26% open offer signals a takeover event, though the very low offer price (₹2.00) and small deal size suggest limited premium for shareholders.