Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Offer Opening Public Announcement to the Shareholders of High Street Filatex Ltd ("Target Company").
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 1.6 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Navigant Corporate Advisors Ltd, the Manager to the Offer, has submitted a Pre-Offer Advertisement to BSE for an open offer to acquire up to 10,96,792 equity shares (26% of emerging equity and voting capital) of High Street Filatex Limited (BSE Code: 531301). The acquirers are Mr. Sandeep Agrawal and Mrs. Anupriya Sandeep Agrawal, offering Rs. 15 per share in cash. The Independent Directors Committee has found the offer price justified, no competitive bid has emerged, and the Letter of Offer was dispatched on April 3, 2025. The offer opens on April 11, 2025 and closes on April 28, 2025, with payment to shareholders expected by May 14, 2025.
Existing public shareholders of High Street Filatex can tender their shares at Rs. 15 per share between April 11-28, 2025. The successful completion of this open offer will give the Agrawal family a controlling 26% stake, potentially reshaping the company's ownership and future direction.