Srujan Alpha Capital Advisors LLP ("Manager to the Open Offer") has submitted to BSE a copy of Pre-Offer Advertisement under Regulation 18(7) of the Securities and Exchange Board of India ....
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Srujan Alpha Capital Advisors, the manager to the open offer, has submitted a Pre-Offer Advertisement (with corrigendum to the earlier Detailed Public Statement of June 13, 2025) to BSE for an open offer on RSC International Ltd. Mr. Shailesh Agrawal and Mr. Ramji Das Agarwal (the Acquirers) are offering to buy up to 14,94,922 fully paid-up shares, representing 26% of the total voting share capital of the company, at a price of Rs. 9.50 per share. The advertisement was published on June 16, 2025 in Financial Express, Jansatta, and Pratahkal newspapers as required under SEBI's Takeover Regulations. This is a routine procedural step in the open offer process, not a new transaction.
Existing public shareholders of RSC International can now consider tendering their shares in the open offer at Rs. 9.50 per share within the window once it opens. The Rs. 9.50 price acts as a floor reference for the stock in the near term, but this filing itself does not change the company's fundamentals or operations.