Newspaper Publication of Offer Opening Public Announcement by Acquirer along with Persons Acting Concert.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Century 21 Officespace Private Limited (Acquirer) along with three Persons Acting in Concert (Century 21 Town Planners, M.P. Entertainment & Developers, and Print Solutions) has announced an Open Offer to buy up to 7,92,118 equity shares (26% of share capital) of Sayaji Hotels (Indore) Ltd at Rs. 1,250 per share under SEBI Takeover Regulations. The Pre-Offer Public Announcement was published on July 24, 2025 in five newspapers including Financial Express, Jansatta, Mumbai Lakshdeep, Madrasmani, and Indore Samachar. The Independent Directors' Committee has opined that the offer price is fair and reasonable. The tendering period opens on July 25, 2025 and closes on August 7, 2025. There is no competing offer for this Open Offer.
Shareholders of Sayaji Hotels can tender their shares at Rs. 1,250 per share during the July 25 to August 7, 2025 tendering window if they wish to exit. The substantial 26% open offer signals a significant acquisition event, which may lead to potential changes in the company's ownership and management control going forward.