Corrigendum to Letter Of Offer

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF Explain this filing

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On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 1.5 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

RSC International Ltd has submitted a corrigendum (amendment) to its Letter of Offer for an ongoing Open Offer. The offer is being made by Mr. Shailesh Agrawal and Mr. Ramji Das Agarwal to acquire up to 14,94,922 fully paid-up equity shares, representing 26% of the total voting share capital of RSC, at a price of Rs. 9.50 per share, under SEBI (SAST) Regulations 2011. The corrigendum revises the tentative schedule of activities — the offer opening date is now June 17, 2025, closing on June 30, 2025, with payment of consideration to shareholders by July 14, 2025. The corrigendum also updates the public shareholder count to 3,234 as per the March 31, 2025 BSE filing. The manager to the offer is Srujan Alpha Capital Advisors LLP.

Likely market impact

This corrigendum only updates the timeline of the open offer and corrects shareholder count details — the offer price of Rs. 9.50 and the 26% acquisition size remain unchanged. Shareholders now have a clearer window to tender shares (June 17–30, 2025). No material change to the deal economics.