Mark Corporate Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer for the attention of the public shareholders Swarnsarita Jewels India Ltd ("Target ....
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Mark Corporate Advisors, the manager to the offer, has filed the Draft Letter of Offer with BSE for an open offer to public shareholders of Swarnsarita Jewels India Ltd under SEBI (SAST) Regulations, 2011. The offer is being made by the existing promoters — Mahendra Chordia, Asha Chordia, Sunny Chordia, and Swarnsarita Jewellers Pvt Ltd (PAC) — to buy up to 47,94,987 shares (22.97% of voting capital) at ₹32.15 per share in cash, totalling about ₹15.42 crore. The promoters currently hold 52.03% of the company, and the purpose of the offer is to consolidate their shareholding; there is no plan to delist. The tendering window will run from March 20, 2026 to April 7, 2026, and the offer is unconditional with no minimum acceptance threshold.
Public shareholders can sell their shares at ₹32.15 between March 20 and April 7, 2026. The promoter group will increase its stake from 52.03% to up to roughly 75%, further tightening control of the company, though no delisting is planned. Shareholders should compare the offer price with prevailing market price before deciding to tender.