Corpwis Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Pre-offer advertisement cum corrigendum to the detailed public statement cum addendum to the letter of offer ....
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Corpwis Advisors Pvt Ltd, the manager to the offer, has submitted the pre-offer advertisement and corrigendum to BSE for an open offer to acquire up to 64,740 fully paid-up equity shares (26% of voting capital) of White Hall Commercial Company Ltd at Rs. 1 per share (face value Rs. 10). The offer price remains unchanged with no upward revision, no competitive bid has emerged, and the Independent Directors Committee finds the price justified under takeover regulations. The Letter of Offer was dispatched to shareholders on May 9, 2025, after SEBI observations were received on April 29, 2025. The tendering period is revised to May 19–30, 2025, with payment of consideration scheduled by June 13, 2025, while the underlying Share Purchase Agreement (SPA) is still pending consummation.
Shareholders of White Hall Commercial Company Ltd can tender their shares during the May 19–30, 2025 window at Rs. 1 per share in cash. The deeply discounted offer price relative to face value (Rs. 10) and the incomplete SPA suggest limited near-term upside and warrant caution before tendering.