Swaraj Shares and Securities Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Post-offer Public Announcement to the Public Shareholders of Kashyap Tele-Medicines Ltd ("Target Company").
Awaiting price reaction for this filing.
Swaraj Shares and Securities Pvt Ltd, acting as Manager to the Offer for June Industries Ltd, has submitted a Post-offer Public Announcement to BSE for the shareholders of Kashyap Tele-Medicines Ltd. This filing marks the completion stage of an open offer that was triggered under SEBI Takeover Regulations after June Industries acquired shares crossing the regulatory threshold in Kashyap Tele-Medicines. The post-offer announcement typically discloses final tendering results, shares accepted, and the acquirer's revised shareholding in the target. Kashyap Tele-Medicines is a listed company, making this a takeover event for an already-listed entity. The exact tendered quantity, final acceptance ratio, and post-offer shareholding percentage are not disclosed in this filing headline.
This signals that the open offer for Kashyap Tele-Medicines Ltd has concluded, meaning June Industries has formally completed its acquisition bid and its final stake in the target is now confirmed. Shareholders of Kashyap Tele-Medicines should review the detailed post-offer advertisement for acceptance ratios and revised shareholding, while June Industries' shareholders may see changes in its consolidated profile depending on the size of the acquired stake.