Marwadi Chandarana Intermediaries Brokers 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 (SAST) ....
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Marwadi Chandarana Intermediaries Brokers Pvt. Ltd., acting as Manager to the Offer, has submitted the Pre-offer Advertisement for Hari Govind International Limited (BSE Scrip Code: 531971) to BSE under Regulation 18(7) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The advertisement was published in Financial Express (English), Jansatta (Hindi), and Mahasagar Mumbai Lakhadeep (Marathi). Acquirers Shaju Thomas and Linta Purayidathil Jose are acquiring 35,00,000 shares (41.06%) and 10,00,000 shares (11.73%) respectively from sellers Jugal Kishore Maniyar and Sunita Maniyar. The open offer is for 26% of the expanded share capital at Rs. 10 per equity share, payable in cash.
Public shareholders of Hari Govind International Limited can tender their shares in the open offer at Rs. 10 per share. Post-offer, Acquirer-1 Shaju Thomas will hold 61.28% and Acquirer-2 Linta Jose will hold 17.51%, indicating a change in control of the company.