3Dimension Capital Services Ltd ("Manager to the Offer") has submitted to BSE a copy of Pre-Offer opening advertisement under Regulation 18(7) of SEBI (SAST) Regulations, 2011, as amended ....
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3Dimension Capital Services Ltd, acting as Manager to the Offer, has submitted a Pre-Offer Opening Advertisement to BSE for an Open Offer to acquire up to 1,23,90,009 fully paid-up equity shares (26.00% of voting share capital) of SBEC Sugar Limited. The Offer Price is fixed at INR 21.19 per equity share, with total consideration aggregating to INR 26,25,44,291, payable in cash. The acquirer SBEC Systems (India) Limited, part of the Umesh Modi Group, along with six PACs (including individuals Jayesh Modi, Kumkum Modi, and Umesh Kumar Modi), already holds 29.86% of the Target Company. This mandatory Open Offer is being made pursuant to a Supreme Court of India order dated March 4, 2025, directing compliance with SEBI (SAST) Regulations. The Offer Opening Advertisement and Corrigendum to the Detailed Public Statement were published on October 24, 2025, in Financial Express, Jansatta, and Mumbai Lakshadeep.
Public shareholders of SBEC Sugar Limited now have a window to tender their shares at INR 21.19 per share (inclusive of 10% per annum interest for delay). The Supreme Court-directed mandatory offer signals regulatory-driven promoter consolidation, and the offer price serves as a near-term benchmark for the stock. Eligible shareholders should review the Letter of Offer and tender their shares through their brokers before the offer closing date.