Choice Capital Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Pre-Offer Advertisement in accordance with Regulation 18(7) of the SEBI (Substantial Acquistion of ....
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Choice Capital Advisors, on behalf of Acquirer Aditya Himmat Bhansali, has issued a Pre-Offer Advertisement for an Open Offer to acquire up to 7,80,026 equity shares (26% of total voting share capital) of PH Capital Ltd. The offer price is Rs. 206.66 per share payable in cash, with no upward revision. The Independent Directors Committee has stated the offer price appears justified. The tendering period runs from May 19, 2026 to June 2, 2026. SEBI has provided its final observations, and the Letter of Offer was dispatched to shareholders on May 12, 2026. No competing offers have been received.
This open offer, triggered by an underlying transaction involving change in control, gives existing public shareholders an opportunity to exit at Rs. 206.66 per share. Shareholders should evaluate the offer against the company's fundamentals before the June 2, 2026 deadline.