BSEJMG Corporation LtdHighNeutral
Announced Mon, 16 Feb · 14:26 IST

Srujan Alpha Capital Advisors LLP ("Manager to the Offer") has submitted to BSE a copy of the Advertisement cum Corrigendum to the Details Public Statement on the Open Offer to the public ....

Open Offer TriggeredListed Co AcquisitionStrategic Transactions View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

JMG Corporation Ltd has informed BSE about a corrigendum to the Detailed Public Statement for an Open Offer to acquire up to 60,21,053 equity shares, representing 26% of the total voting share capital of the company. The acquirer is Mr. Neerav Bairagi, and the offer price is ₹5.30 per fully paid-up share. The corrigendum was published on February 16, 2026 in Financial Express, Jansatta, and Pratahkal newspapers. The filing has been made by Srujan Alpha Capital Advisors LLP, the Manager to the Offer, under SEBI Takeover Regulations.

Likely market impact

Shareholders should review the corrigendum carefully as it may modify terms of the existing open offer. The offer price of ₹5.30 per share sets a benchmark for shareholders considering tendering their shares in the open offer.