Mark Corporate Advisors Private ltd has submitted to the Exchange a copy of the letterof offer the company.
SILLYMONKS · price
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Silly Monks Entertainment Limited has received a Letter of Offer (LoF) for a mandatory Open Offer by Mr. Satyapoorna Chander Yalamanchili (the Acquirer) under SEBI Takeover Code (Regulations 3(1) and 4). The Acquirer is offering to buy up to 35,97,865 equity shares (26% of the Emerging Voting Capital) at ₹18.50 per share, totaling about ₹6.66 crore. The offer follows a Share Purchase Agreement signed on November 3, 2025, where the Acquirer will buy 40,94,146 shares (29.59% of Emerging Voting Capital) at ₹15/share from existing promoters, plus a preferential issue of 14.5 lakh equity shares and 13.75 lakh convertible warrants. This results in a complete change of control — the existing promoters will be declassified and the Acquirer will become the new promoter. The tendering period runs from January 16, 2026 to January 30, 2026.
Existing public shareholders can tender their shares at ₹18.50 during the open offer window (Jan 16–30, 2026) to exit at a defined price. The acquisition will lead to a change of control and management, with the current promoters stepping down from the board. The stock may see price action tracking the open offer price as a near-term floor, though long-term value depends on the new management's plans.