BSEGrand Foundry LtdLowNeutral
Announced Wed, 8 Jul · 12:14 IST
Post Offer Ad: SAR Televenture open offer for Grand Foundry - only 910 shares tendered
Compliance View source PDF
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
SAR Televenture's open offer for Grand Foundry Ltd closed on June 22, 2026. Only 910 shares were tendered against 79,11,800 proposed, raising just Rs 2,275 of the planned Rs 1.97 crore. Acquirer's pre-offer holding was nil, with 70.17% (21,351,740 shares) coming from a Share Purchase Agreement, not yet transferred. Post-offer public holding stays at 29.83%. Final payment date: July 7, 2026.
Likely market impact
Open offer flopped with negligible shareholder participation. Acquirer still gains control via SPA at Rs 2.50 per share, public holding largely unchanged.