Citigroup Global Markets India Pvt. Ltd. (Manager to the Offer) has submitted to the Exchange a copy of Disclosure in relation to number of Equity Shares tendered in connection with the Open Offer on May 07,2025.'.
SANOFICONR · price
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Citigroup Global Markets, the manager to the open offer for Sanofi Consumer Healthcare India, has disclosed that 21,92,768 equity shares have been tendered by public shareholders, representing 36.62% of the total offer size of 59,87,962 shares (26% of voting share capital). On May 7, 2025 alone, 3,62,149 shares (6.05% of offer size) were tendered. The open offer is being made by Opal Bidco SAS together with Clayton, Dubilier & Rice Fund XII, L.P. as persons acting in concert. The final acceptance of shares is subject to validation and SEBI (SAST) Regulations, so the number of validly accepted shares may differ from those tendered.
The open offer is receiving a reasonable response, with over a third of the offer size already tendered, indicating meaningful public shareholder interest. For shareholders, this is a periodic update on the progress of the takeover offer; final acceptance and settlement will follow after verification of documents.