Prozone Realty Limited has informed the Exchange about Copy of Newspaper Publication
PROZONER · price
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Prozone Realty Limited informed the exchanges about the publication of a Pre-Offer Advertisement cum Corrigendum to the Detailed Public Statement in Financial Express, Jansatta, and Mumbai Lakshadeep on May 7, 2025. M/s. Apax Trust (acting through trustee Mr. Nikhil Chaturvedi) is making an open offer to acquire up to 3,96,76,750 fully paid-up equity shares (26% of equity and voting share capital) from public shareholders at ₹25 per share, aggregating to ₹99.19 crore assuming full acceptance. The Independent Directors Committee has deemed the offer as fair and reasonable under SEBI SAST Regulations. The tendering period will run from May 8, 2025 to May 22, 2025, with payment scheduled for June 5, 2025.
Public shareholders of Prozone Realty now have a confirmed exit window at ₹25 per share during the May 8–22, 2025 tendering period. The price is a key reference level; the stock may trade around the offer price during this window, and shareholders should weigh tendering versus holding based on their view of the stock.