Corporate Professionals Capital Pvt Ltd ("Manager to the Offer''") has submitted to BSE a copy of Post Offer Advertisement to the public shareholders of Ador Multiproducts Ltd ("Target Company").
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Awaiting price reaction for this filing.
Thrive Future Habitats Ltd, along with three other acquirers (Mr. Arvinder Singh Pasricha, Mrs. Aman Pasricha Balsara, and Ms. Zinnia Pasricha) and one PAC (Mr. Tushar Rohinton Balsara), has completed the open offer process to acquire up to 24,85,858 equity shares (26% of expanded share capital) of Ador Multiproducts Ltd. The offer price was set at INR 31.41 per equity share. This filing is the mandatory Post Offer Advertisement submitted to BSE under SEBI's Takeover Regulations, meaning the tendering period has concluded and the results are being publicly disclosed.
This signals a change in control of Ador Multiproducts Ltd, with the Pasricha family group (via Thrive Future Habitats Infra) emerging as significant shareholders. Existing shareholders of Ador Multiproducts who tendered shares have exited at INR 31.41/share, while non-tendering shareholders may see shifts in board composition and strategic direction.