Soma Textiles & Industries Limited has informed the Exchange about General Updates for Detailed Public Statement
SOMATEX · price
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Soma Textiles has informed the exchanges about the publication of a Detailed Public Statement (DPS) related to an open offer for its shares. The offer is being made by Roadway Solutions India Infra Limited (the Acquirer) along with Ameet Harjinder Gadhoke and Teja Ranade Gadhoke (Persons Acting in Concert). The open offer is for acquisition of up to 82,64,942 fully paid-up equity shares of face value ₹10 each from public shareholders. The DPS was published on July 16, 2025 in Financial Express (English), Jansatta (Hindi) and Aajkal (Bengali, Kolkata edition). Mefcom Capital Markets Limited is the Manager to the Offer. The offer follows a public announcement dated July 9, 2025 under SEBI Takeover Regulations, 2011.
This is a potential change-of-control / takeover event for Soma Textiles. Public shareholders can tender their shares at the offer price disclosed in the DPS. The stock may see volatility as the market digests the offer price relative to current trading levels and the prospects of a new promoter taking over the company.