We wish to inform you that we are enclosing herewith a copy of the Offer Opening Public Announcement issued by way of newspaper advertisements published today i.e September 10, 2025 issued ....
Awaiting price reaction for this filing.
Wallet Circle Technologies Ltd (the Acquirer) has launched an Open Offer to buy up to 12,72,133 fully paid equity shares of Alchemist Corporation Ltd from public shareholders, representing 25.89% of the company's voting share capital. The offer price is ₹16 per share in cash, against a face value of ₹10. The offer is being made under SEBI's Takeover Regulations (Regulations 3(1) and 4), triggered by the Acquirer's agreement with existing promoters/sellers. Saffron Capital Advisors is managing the offer. The Offer Opening Public Announcement was published on September 10, 2025 in Financial Express (English), Jansatta (Hindi), and Pratahkal (Marathi). The detailed Letter of Offer with tendering dates will follow separately.
Public shareholders of Alchemist Corporation can tender their shares at a fixed cash price of ₹16 per share during the offer's tendering period, providing a potential exit opportunity. The offer price is well above the recent market price of around ₹10.47, which could support the stock price in the near term.