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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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P H Capital Limited's board has approved a Share Purchase Agreement (SPA) dated 20.12.2025 under which promoter and promoter group entities will sell up to 21,81,200 equity shares (72.70% of paid-up capital) to acquirer Mr. Aditya Himmat Bhansali at a price of up to INR 206.66 per share. The sellers include Rikeen P. Dalal - HUF, Sejal Rikeen Dalal, Tej Pradip Dalal, Sujalbhai Vikrambhai Palkhiwala, Ruby Multimedia Pvt Ltd, Krishna Trust, and Tirupati Trust. The transaction will result in a change of control, with the acquirer required to make a mandatory open offer to public shareholders under SEBI (SAST) Regulations. The company itself is only a facilitating party to the SPA and is not transferring any shares. Post completion, the board will be reconstituted to include the acquirer's directors.
Shareholders should expect a mandatory open offer from the acquirer at a regulated price for up to 26% of the company's shares, and a change of control at the board level. This is a significant event — existing public investors will have an exit opportunity via the open offer, and the stock may see volatility around the deal timeline and open offer pricing.