Systematix Corporate Services Ltd ("Manager to the Offer") has submitted to BSE a copy of Pre-Offer Public Advertisement in accordance with Regulation 18(7) of SEBI (Substantial Acquisition ....
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Century 21 Officespace Private Limited (Acquirer), along with three Persons Acting in Concert, has launched an Open Offer to buy up to 7,92,118 equity shares (26% of equity capital) of Sayaji Hotels (Indore) Limited at Rs. 1,250 per share in cash. The Independent Directors Committee has reviewed and recommended the offer price as fair and reasonable. SEBI issued its observation letter on the Draft Letter of Offer on July 9, 2025, with no competing offer received. The tendering period runs from July 25, 2025 to August 7, 2025, and shareholders can tender shares through their selling brokers on BSE or via the collection centre operated by MUFG Intime India.
Shareholders of Sayaji Hotels (Indore) can tender their shares at Rs. 1,250 per share during the offer window from July 25 to August 7, 2025. This sets a near-term price reference point, and a successful completion of the open offer may indicate potential change in control or significant stake acquisition by the Century 21 group.