Mark Corporate Advisors Pvt Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Post Offer Advertisement under Regulation 18(12) of Securities and Exchange Board of India (Substantial ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mark Corporate Advisors Pvt Ltd, Manager to the Open Offer for Supra Trends Ltd, has filed a Post Offer Advertisement under SEBI (SAST) Regulation 18(12). The open offer was for up to 37,83,000 equity shares (27.95% of emerging voting capital) at ₹10 per share, totalling about ₹3.78 crore, by four acquirers and nine persons acting in concert. The offer ran from March 18 to April 1, 2025, with consideration paid by April 9, 2025. Notably, zero shares were tendered by public shareholders in the open offer, so no shares were accepted. The acquirers had already secured 54.42% via a preferential allotment, bringing their post-offer holding to 54.47% (73,73,552 shares), while public shareholders remain at 45.53% with no change.
The open offer was a complete failure at ₹10/share, suggesting public shareholders found the offer price unattractive relative to market value. The acquirers have nonetheless secured majority control (54.47%) entirely through the preferential allotment route, making the takeover effective without needing public tendering.