Saffron Capital Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer to the Public Shareholders of Shamrock Industrial Company Ltd ("Target Company").
Awaiting price reaction for this filing.
Saffron Capital Advisors, acting as Manager to the Offer, has submitted the Draft Letter of Offer to BSE for an open offer on Shamrock Industrial Company Ltd. The offer is being made by four acquirers — Lotus Excel Wealth Creators LLP, HODL Systems LLP, Bagepalli Vijayakumar Harish, and Rattan Kapoor — who collectively want to acquire up to 36,30,190 equity shares (26% of the emerging voting share capital) from public shareholders. The offer price is set at ₹16.40 per share, with total consideration of about ₹5.95 crore assuming full acceptance. The open offer is triggered under SEBI Takeover Regulations due to a Share Purchase Agreement with promoters signed on May 29, 2025, involving change in control. The tendering period is scheduled from July 21, 2025 to August 1, 2025.
This is a mandatory open offer triggered by a change in control, giving public shareholders an opportunity to exit at ₹16.40 per share. Shareholders should review the offer price versus prevailing market price and the committee of independent directors' recommendation before deciding to tender shares.