Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, we wish to inform you that the Company has received a copy of the public Announcement ....
Awaiting price reaction for this filing.
Premium Capital Market & Investments Ltd (BSE: 511660) has disclosed that it received a Public Announcement dated September 22, 2025, for an open offer by Mr. Suman Nandi (Acquirer) to buy up to 17,04,000 equity shares, representing 26% of the company's paid-up capital, at Rs. 6.40 per share (face value Rs. 10). The total offer size is approximately Rs. 1.09 crore, payable in cash. The open offer is triggered under SEBI SAST Regulation 4 following a direct acquisition of control, where Mr. Nandi is acquiring 15,89,300 shares (24.25%) for Rs. 23.83 lakh. After the underlying transaction, the acquirer's shareholding will rise to 32,93,300 shares (50.25%), giving him a majority stake in the company. Interactive Financial Services Ltd is acting as the Manager to the Offer, and a Detailed Public Statement will be published on or before September 29, 2025.
This signals a change of control at Premium Capital Market, with a single acquirer moving to a majority 50.25% stake. Shareholders can tender shares in the open offer at Rs. 6.40 per share; the offer is not conditional on minimum acceptance. The stock may see increased activity around the offer window, though the offer price is at a discount to face value, indicating the acquirer is buying control at a relatively low valuation.