Saffron Capital Advisors Pvt. Ltd. ("Manager to the Open Offer") has submitted to BSE a copy of Detailed Public Statement in terms of Regulations 3(1) and 4 read with Regulations 13(4), ....
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Saffron Capital Advisors, acting as Manager to the Open Offer, has submitted the Detailed Public Statement to BSE for an open offer on Tejassvi Aaharam Ltd. The offer is being made by four acquirers — Prasanna Natarajan, Rajat Chakra Credit & Holdings Pvt Ltd, Sipping Spirits Pvt Ltd, and Saranga Investments & Consultancy Pvt Ltd — together with PAC Rajalakshmi Natarajan. They propose to acquire up to 70 lakh equity shares at ₹10 per share, aggregating up to ₹7 crore, from public shareholders. The offer is being made under SEBI Takeover Regulations 2011, as public shareholding is only 12.04% of the emerging voting share capital. The Detailed Public Statement was published on February 23, 2026 in Financial Express, Jansatta, Pratahkal, and Makkal Kural.
Public shareholders of Tejassvi Aaharam can tender their shares at ₹10 per share under this open offer. The low offer price relative to typical market levels and the small public float of 12.04% mean the offer is largely a regulatory formality tied to a change in control, rather than a value-accretive exit opportunity.