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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Pharmaids Pharmaceuticals has submitted the Post Offer Advertisement to BSE for an open offer made by Shankarappa Nagaraja Vinaya Babu (Acquirer) along with Tumkur Trade Center Private Limited (Person Acting in Concert). The open offer was to acquire up to 91,69,632 equity shares of Rs. 10 each at Rs. 62.15 per share, representing 26% of the voting share capital, for a total consideration of up to Rs. 56.99 crore. The advertisement was published on August 29, 2025 in Financial Express (English), Jansatta (Hindi), Navshakti (Marathi – Mumbai) and Udaykala (Kannada – Bangalore). Saffron Capital Advisors Private Limited acted as Manager to the Offer under SEBI (SAST) Regulations, 2011.
The publication of the Post Offer Advertisement indicates that the open offer process has concluded, signalling a likely change in the company's shareholding pattern. Shareholders who tendered their shares have received Rs. 62.15 per share. A 26% acquisition by the acquirer group may lead to increased promoter/control stake in the company going forward.