BSEPH Capital LtdMediumNeutral
Announced Mon, 4 May · 19:54 IST

Choice Capital Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Corrigendum to the Detailed Public Statement and Draft Letter of Offer for the attention of Public ....

Open Offer TriggeredStrategic Transactions View source PDF

Price

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Price reaction · full curve 14 horizons · vs prior close
+1.3%1-day move
₹709.90
prior close
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.3+2.7+4.7+4.5+2.8+6.2+12.3+26.8+36.6
Up moveDown movePending
AI summary

Choice Capital Advisors, acting as manager to the open offer, has submitted a corrigendum to BSE on behalf of Mr. Aditya Himmat Bhansali (Acquirer). The open offer is being made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011, for substantial acquisition of equity shares and control. The offer targets up to 7,80,026 fully paid-up equity shares of face value ₹10 each, representing 26.00% of the paid-up equity share capital of PH Capital Limited (BSE Scrip Code: 500143) on a fully diluted basis as of the 10th working day from closure of the tendering period. The corrigendum follows the earlier Detailed Public Statement and Draft Letter of Offer, with copies also published in Financial Express, Jansatta and Mumbai Lakshadeep newspapers.

Likely market impact

The open offer at 26% stake indicates the acquirer is seeking control of PH Capital. The corrigendum corrects or updates the original offer documents. Shareholders of PH Capital will have an opportunity to tender their shares during the prescribed period.