Mark Corporate Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Post Offer Advertisement under Regulation 18 (12) of Securities and Exchange Board of India (Substantial ....
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Mark Corporate Advisors has submitted a Post Offer Advertisement for Swarnsarita Jewels India Limited. The open offer was for acquiring up to 47,94,987 equity shares (22.97% of voting capital) at ₹32.15 per share, opened on April 6, 2026 and closed on April 20, 2026. The offer was undersubscribed, with only 17,05,843 shares (35.6% of offer size) tendered and accepted, totaling ₹5,48,42,852.45. Post-offer, the Acquirers (Mr. Mahendra Madanlal Chordia, Mrs. Asha M. Chordia, Mr. Sunny Mahendra Chordia) and PAC (Swarnsarita Jewellers Private Limited) hold 60.20% of the company, down from the expected 75%. Public shareholding stands at 39.80%.
The Acquirers achieved majority control at 60.20% but fell short of the expected 75% due to lower participation. The company maintains sufficient public shareholding (39.80%) to remain listed. Shareholders who tendered received ₹32.15 per share, while non-tendering shareholders continue to hold shares with reduced free float.