Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. ("Manager to the offer") has submitted to BSE a copy of Post Offer advertisement under Regulation 18(12) of the Securities and Exchange ....
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Awaiting price reaction for this filing.
Marwadi Chandarana Intermediaries Brokers filed a Post-Offer Advertisement with BSE for the open offer on Hari Govind International Limited (Scrip Code: 531971). The offer by Shaju Thomas and Linta Purayidathil Jose was priced at Rs 10 per share for up to 22,16,500 shares (26% of expanded capital). The offer ran from October 16 to October 31, 2025, and shareholders tendered only 9,00,800 shares — about 40% of the maximum — with Rs 90.08 lakh paid on November 11, 2025. Post-offer, the acquirers hold 63.35% of expanded share capital (against an expected 78.79%), and public shareholding stands at 27.85%. The takeover process is now formally complete.
The acquirers have secured majority control at 63.35%, but the low tender response means the public still holds a sizable 27.85% stake, preserving some float and liquidity in the stock. Note: this filing appeared under Popees Baby Care India Ltd's BSE page, but the document itself pertains to Hari Govind International Limited.