Bonanza Portfolio Limited ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement in accordance with the provisions of Regulations 13(4), 14(3) and 15(2) and such ....
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Bonanza Portfolio Limited, acting as the Manager to the Offer, has filed a Detailed Public Statement with BSE for an open offer to acquire up to 11,53,917 equity shares (26% of voting share capital) of Shentracon Chemicals Ltd from public shareholders. The offer has been triggered under SEBI's Takeover Regulations following a Share Purchase Agreement signed by the acquirers. The offer opens on October 31, 2025 and closes on November 14, 2025, with payment expected by November 28, 2025. Existing public shareholders can tender their shares during this window at the offer price, and if oversubscribed, acceptance will be on a proportionate basis.
Public shareholders of Shentracon Chemicals have a window from October 31 to November 14, 2025 to tender their shares at the open offer price; they should compare this price with prevailing market price before deciding. Post-offer, the acquirers will hold a controlling stake, which could affect minority shareholder influence and future liquidity of the stock.