Farmico International Makes Open Offer for Shares of Simandhar Impex Limited
M/s. Farmico International Private Limited has announced an open offer for the acquisition of equity shares of Simandhar Impex Limited. The offer seeks to acquire 7,75,310 Equity Shares of Simandhar Impex Limited, representing 25.36% of the company’s equity and voting share capital.The details of the offer were provided by Navigant Corporate Advisors Limited, acting as the Manager to the offer. The acquisition involves shares with a face value of Rs. 10/- each, and the stated offer price is Rs. 30.00 per Equity Share.
The public announcement provided the following core transaction details:
| Particulars | Details |
|---|---|
| Target Company | Simandhar Impex Limited |
| Acquirer | M/s. Farmico International Private Limited |
| Manager to the Offer | Navigant Corporate Advisors Limited |
| Shares Offered | 7,75,310 Equity Shares of Rs. 10/- each |
| Acquisition Stake | 25.36% of the equity and voting share capital |
| Offer Price | Rs. 30.00 per Equity Share |
| Offer Opening Date | Monday, 04 May, 2026 |
| Offer Closing Date | Monday, 20 April, 2026 |
The acquisition structure indicates that the total size of the offer, calculated by multiplying the aggregate number of shares by the offer price, stands at Rs. 2,32,59,300.
The transaction involves acquiring 7,75,310 shares. In the context of the shareholding, the details are as follows:
| Metric | Pre Offer | Post Offer |
|---|---|---|
| Shares Acquired by SPA | 22,81,615 (74.64%) | 22,81,615 (74.64%) |
| Shares Acquired via Open Offer | 7,75,310 (25.36%) | 7,75,310 (25.36%) |
| Total Acquirer Shareholding | Nil (0.00%) | 30,56,925 (100.00%) |
The details confirm that the offer requires a minimum of 25.36% of the voting share capital, corresponding to the shareholding of the Public Shareholders as on the date of the Public Announcement.
The consideration date for the open offer is noted as Not Applicable, as no shares were tendered in the Open Offer.
Stock Price Movement
As of 10:14, shares of Simandhar Impex Ltd are dipping 2.00%, currently trading at ₹147.00. The stock is completely locked at ₹147.00, reflecting a highly restricted and flat trading range for the morning.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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