Mark Corporate Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement under Regulation 6 read with Regulations 13(3), 14 and 15(1) of the Securities ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The promoters of Swarnsarita Jewels India Ltd (Mahendra Chordia, Asha Chordia, and Sunny Chordia), along with Swarnsarita Jewellers Pvt Ltd (PAC), have triggered a mandatory Open Offer under SEBI Takeover Regulations to buy up to 47,94,987 equity shares (22.97% of voting capital) from public shareholders at ₹32.15 per share, totaling about ₹15.42 crore. The promoters and PAC currently hold 51.79% of the company, and if fully accepted, their stake will rise to 75%. The acquirers have stated the objective is to consolidate existing shareholding, with no plans to delist or change the core jewellery business. The tendering period is scheduled from March 20, 2026 to April 07, 2026.
Public shareholders get a cash exit opportunity at ₹32.15 per share. Since the offer price is close to the recent 60-day average market price of ₹32.07, there is limited premium for minority shareholders. Promoter holding will increase significantly, reducing free float, though minimum public shareholding norms will still be maintained.