Intimation Under Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 - Letter of Offer.
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Sayaji Hotels (Indore) Ltd has been served with a Letter of Offer for a mandatory open offer under SEBI Takeover Regulations. Century 21 Officespace Private Limited (the Acquirer), along with three PACs — Century 21 Town Planners, M.P. Entertainment & Developers, and Print Solutions — is offering to buy up to 7,92,118 equity shares (26% of voting capital) at Rs. 1,250 per share in cash. The offer was triggered on March 28, 2025 when PAC 3 acquired 82,755 shares (2.72%) via open market, pushing the acquirer group's combined holding to 26.87% and crossing the takeover threshold. The Acquirer will become the new promoter of the company upon successful completion. The tendering period runs from July 25, 2025 to August 7, 2025.
Public shareholders can tender their shares at Rs. 1,250 per share during the July 25–August 7, 2025 tender window. The transaction involves a change of control, with the Acquirer set to become the new promoter. Shareholders should weigh the offer price against prevailing market price and await the independent directors' recommendation before deciding to tender.