Navigant Corporate Advisors Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Post Offer Advertisement<BR>to the Equity Shareholders of Adarsh Mercantile Ltd ("Target Company").
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Navigant Corporate Advisors Ltd, acting as the Manager to the Open Offer, has submitted a copy of the Post Offer Advertisement to BSE for the equity shareholders of Adarsh Mercantile Ltd (the Target Company). This filing is part of the takeover code compliance process, typically published after the open offer window closes. The advertisement usually discloses the final response to the open offer, including the total number of shares tendered by shareholders, the offer price, and whether the acquirer (SMT Engineering Ltd) has crossed any key shareholding thresholds. Shareholders of Adarsh Mercantile Ltd can refer to this advertisement to know how many shares were accepted and the final status of the open offer.
This is a routine post-offer compliance disclosure, not a new business development. For shareholders of Adarsh Mercantile Ltd, it confirms the final outcome of the open offer and any change in the acquirer's shareholding. The stock price impact is usually limited as the offer price and terms were already known during the open offer period.