Choice Capital Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer to the Public Shareholders of PH Capital Ltd ("Target Company").
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Choice Capital Advisors, acting as Manager to the Offer, has filed the Draft Letter of Offer for an open offer to public shareholders of P.H. Capital Limited. Acquirer Mr. Aditya Himmat Bhansali is buying 72.70% stake (21,81,200 shares) from existing promoters at ₹206.66 per share under a Share Purchase Agreement dated December 20, 2025, which triggers a mandatory open offer. The open offer is for up to 7,80,026 equity shares (26% of voting capital) at ₹206.66 per share, with maximum consideration of about ₹16.12 crore. The offer opens on February 12, 2026 and closes on February 26, 2026.
This is a change-of-control transaction. Existing public shareholders can tender shares at the open offer price of ₹206.66 per share. Post-acquisition, the acquirer may need to take steps to ensure minimum 25% public shareholding compliance as per listing rules.