Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Post Offer Advertisement to the Equity Shareholders of Sita Enterprises Ltd ("Target Company").
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Navigant Corporate Advisors Ltd, the manager to the offer, has submitted the Post Offer Advertisement to BSE for Sita Enterprises Ltd (BSE Code: 512589). This is filed under Regulation 18(12) of SEBI's Takeover Regulations, 2011, indicating the open offer process has concluded. The open offer was for acquisition of up to 7,50,000 equity shares at Rs. 92.50 per share (including 10% interest for delayed payment), representing 25% of the voting share capital. The acquirer is Mr. Jitendra Rasiklal Sanghavi. The Post Offer Advertisement was published on 7 August 2025 in Financial Express, Jansatta, and Pratahkal newspapers.
This filing signals the completion of the open offer process, meaning Mr. Sanghavi's acquisition of 25% stake in Sita Enterprises is now formally closed and disclosed to the market. Shareholders have already received payment for tendered shares, and this is a regulatory close-out filing rather than a new trigger event.