Rarever Financial Advisors Pvt. Ltd ("Manager to the Offer") has submitted to BSE a copy of Corrigendum to the Detailed Public Statement for the attention of the Public Shareholders of ....
Awaiting price reaction for this filing.
Rarever Financial Advisors, acting as Manager to the Offer, has submitted a Corrigendum to the Detailed Public Statement dated May 22, 2026. The filing relates to an Open Offer by two Acquirers — Mr. Amarandhar Reddy Kotha and Mr. Mallour Rajesh Kumar — to acquire 39,25,998 fully paid-up equity shares representing 26% of the voting share capital of Dolphin Medical Services Ltd. The offer price is ₹4.80 per share, payable in cash. The Corrigendum provides updated details about the Acquirers, including their personal information and directorships. Acquirer 2 (Mr. Mallour Rajesh Kumar) is a whole-time director and CFO of Datacipher Limited and holds positions in several other companies. The offer is made pursuant to SEBI (SAST) Regulations, 2011.
This Open Offer signals a potential change in control or significant shareholding consolidation at Dolphin Medical Services. Existing shareholders have an opportunity to exit at ₹4.80 per share. The stock may see increased volatility due to the takeover activity.