Srujan Alpha Capital Advisors LLP ("Manager to the Offer") has submitted to BSE a copy of Post Offer Advertisement under Regulation 18(12) of SEBI (SAST) Regulations, 2011, as amended for ....
Awaiting price reaction for this filing.
Mr. Neerav Bairagi had made an open offer to acquire up to 60,21,053 fully paid-up shares, representing 26% of the total voting share capital of JMG Corporation Ltd, at a price of ₹5.30 per share. The open offer has now concluded, and the Manager to the Offer, Srujan Alpha Capital Advisors LLP, has submitted the Post Offer Advertisement dated March 26, 2026 to BSE. The advertisement was published in Financial Express (English, all editions), Jansatta (Hindi, all editions), and Pratahkal (Marathi) on Friday, March 27, 2026. This filing is a regulatory requirement under Regulation 18(12) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming that the tendering process is complete.
Shareholders who tendered their shares in the open offer would receive ₹5.30 per share. The post-offer ad signals the formal closure of the takeover process, and Mr. Bairagi's shareholding in JMG Corporation may now reflect an increase of up to 26%, potentially leading to changes in management or board composition.