Corpwis Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Post-Offer advertisement for the attention of the Public Shareholders of White Hall Commercial Company Ltd ....
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Corpwis Advisors Pvt Ltd, the Manager to the Offer, has submitted a Post-Offer Advertisement to BSE and SEBI confirming completion of the open offer for White Hall Commercial Company Ltd. The open offer by Rightful Consultancy Services LLP (Acquirer) was for up to 64,740 fully paid-up equity shares (26.00%) at Rs. 1 per share. The offer opened on May 19, 2025 and closed on May 30, 2025, with consideration paid on June 13, 2025. Only 35,250 shares (14.16% of equity) were actually tendered and accepted, well below the proposed 26% target. Post-offer, the Acquirer holds 1,80,160 shares (72.36%) while public shareholders retain 68,740 shares (27.60%). The advertisement was published in Financial Express, Jansatta, and Mumbai Lakshadeep on June 19, 2025.
For public shareholders: the open offer closed at a very low price of Rs. 1/share, and the poor response rate shows most shareholders preferred to hold rather than tender. The Acquirer already controls the company through pre-existing share purchase agreements, so this open offer was largely a regulatory formality with limited practical upside for remaining minority shareholders.