Saffron Capital Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of "Reminder Advertisement" dated September 16, 2025 with respect to Open Offer to the Public Shareholders ....
Awaiting price reaction for this filing.
Saffron Capital Advisors, the manager handling the open offer for Alchemist Corporation Ltd, has submitted a Reminder Advertisement (dated September 16, 2025) to BSE. The reminder is for an ongoing open offer by Wallet Circle Technologies Limited (the Acquirer) to buy up to 12,72,133 equity shares (25.89% of total voting share capital) from public shareholders at ₹16 per share. The offer size is capped at 25.89% instead of the standard 26% because public shareholders in the company hold exactly that much. The reminder was published on September 17, 2025 in Financial Express (English, all editions), Jansatta (Hindi), and Pratahkal (Marathi, Mumbai edition).
This is a procedural reminder to public shareholders of Alchemist Corporation about the ongoing tender offer at ₹16 per share. It does not change the terms of the offer, but signals that the tendering period is approaching closure and shareholders still holding the stock should evaluate whether to tender their shares before the window closes.