Soma Textiles & Industries Limited has informed the Exchange about General Updates-open offer
SOMATEX · price
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Awaiting price reaction for this filing.
Soma Textiles & Industries Limited has informed the exchanges about the filing of the Draft Letter of Offer for an open offer made by Roadway Solutions India Infra Limited (Acquirer) along with Ameet Harjinder Gadhoke and Teja Ranade Gadhoke (Persons Acting in Concert). The offer is for acquisition of up to 82,64,942 equity shares (25.02% of voting share capital) at ₹47.14 per share, aggregating to a total consideration of approximately ₹38.96 crores, payable in cash. This open offer has been triggered pursuant to a Share Purchase Agreement dated July 9, 2025, under which the Acquirer and PACs will buy 2,47,68,058 shares (74.98% of paid-up capital) from the existing promoters — the Somany family entities — at ₹35.40 per share, leading to a change in control and management of the company. The Tendering Period is scheduled from August 29, 2025 to September 12, 2025, with Mefcom Capital Markets acting as Manager to the Offer.
This announcement signals a change of control at Soma Textiles, with the promoter group exiting via the SPA and Roadway Solutions India Infra Limited taking over. Shareholders can tender their shares in the open offer at ₹47.14 per share in cash; the stock may see price movement around the open offer window as it typically trades near the offer price.