Soma Textiles & Industries Limited has informed the Exchange regarding 'Open offer updates-Regulation 30 LODR (SEBI)'.
SOMATEX · price
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Roadway Solutions India Infra Limited (Acquirer), along with persons acting in concert Ameet Harjinder Gadhoke and Teja Ranade Gadhoke, have entered into a Share Purchase Agreement to acquire 2,47,68,058 equity shares (74.98%) of Soma Textiles from the existing Somany family promoters and Sarvopari Investments for ₹87.67 crores. As a result, a mandatory open offer has been triggered under SEBI (SAST) Regulations for up to 82,64,942 additional shares (25.02% of voting capital) from public shareholders at ₹47.14 per share, aggregating to about ₹38.96 crores. The Acquirer has stated it has no intention to delist the company, and the existing promoters will cease to be in control. Mefcom Capital Markets is managing the offer, and a Detailed Public Statement is expected by July 16, 2025.
This represents a change of control at Soma Textiles, with the Somany family exiting and the Roadway Group taking over. Shareholders can choose to tender shares in the open offer at ₹47.14, and the stock may see price action around the offer price as a near-term reference point.