Navigant Corporate Advisors Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Post Open Offer Report of SMT Engineering Ltd ("Target Company") in respect of Regulation 27(7) ....
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Awaiting price reaction for this filing.
Navigant Corporate Advisors Ltd, acting as Manager to the Open Offer, has submitted the Post Open Offer Report for SMT Engineering Ltd to BSE as required under SEBI Regulation 27(7) of the Takeover Regulations. SMT Engineering is referred to as the 'Target Company', confirming it was the subject of an open offer triggered by a potential change in control or substantial acquisition. The submission of the post-offer report indicates that the open offer process has concluded and the acquirer/manager is now filing the final compliance report with the exchange. No specific offer price, acceptance ratio, or final shareholding details are provided in this particular filing headline.
This is a procedural compliance filing marking the completion of the open offer process for retail shareholders. Investors should check the full report for final acceptance levels, revised shareholding of the acquirer, and whether delisting or further corporate action is expected. The stock may have already priced in the offer outcome, so expect limited fresh reaction.