Corpwis Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Recommendations of the Committee of Independent Director (IDC) on the Open Offer to the Shareholders of ....
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Corpwis Advisors has submitted to BSE the recommendations of the Independent Directors Committee (IDC) on an open offer to acquire up to 64,740 equity shares (26% of voting capital) of White Hall Commercial Company Ltd from public shareholders. The offer is being made by Rightful Consultancy Services LLP at Rs. 1/- per share (face value Rs. 10/-). The IDC met on May 14, 2025, and unanimously recommended the offer as fair and reasonable, noting that the shares are not frequently traded and the current market price is just Re 0.20 per share. The offer price is based on a valuation report by a registered IBBI Valuer. The tendering process appears to be in its final stages based on the letter of offer dated May 9, 2025.
For shareholders, this represents an exit opportunity at Rs. 1/- per share — a significant premium over the current market price of Re 0.20. The IDC has endorsed the offer as fair and reasonable, though shareholders are advised to make their own informed decision. The stock is very illiquid, which limits alternative exit options.