Open Offer Announced for Jay Kailash Namkeen Ltd Shares by Amar Pramod Talwar
A public announcement has been made regarding an open offer initiated by Mr. Amar Pramod Talwar for the acquisition of equity shares in Jay Kailash Namkeen Limited. The offer targets a significant portion of the Target Company's share capital and is linked to a preferential allotment transaction.Mr. Amar Pramod Talwar, identified as the Acquirer, has launched an open offer to the public shareholders of Jay Kailash Namkeen Limited. The offer aims to acquire up to 21,76,540 fully paid-up equity shares of face value ₹ 10.00/- each in the Target Company. This volume represents 26.00% of the Emerging Expanded Fully Diluted Voting Equity Share Capital.
The Open Offer is priced at ₹ 56 per Equity Share (the "Offer Price"). Should the maximum number of shares be accepted, the total consideration for these shares would amount to up to ₹ 12,18,86,240 (Rupees Twelve Crores Eighteen Lakhs Eighty-Six Thousand Two Hundred Forty Only), which will be paid in cash by the Acquirer.
Transaction Details and Underlying Obligation
The open offer stems from a corporate action involving the Target Company's board meeting on August 13, 2026. The company approved the preferential allotment of 33,74,375 Equity Shares to Mr. Amar Pramod Talwar. This transaction was formalized through a Share Subscription and Share Swap Agreement (SSSSA) dated August 13, 2026, between Jay Kailash Namkeen Limited and Mr. Amar Pramod Talwar.A key component of this agreement is the share swap arrangement. Under the SSSSA, the Acquirer is required to transfer 8,000 Equity Shares held by him in Vayuveer Solutions Private Limited (the "Selling Company") to Jay Kailash Namkeen Limited as consideration for the equity shares being allotted to him on a preferential basis.
The acquisition of these shares through the preferred allotment represents 40.31% of the Expanded, Issued, Subscribed, and Voting Capital of the Target Company and was valued at ₹ 15,24,88,006 (Rupees Fifteen Crore Twenty-Four Lakh Eighty-Eight Thousand Six Only).
Overview of the Open Offer
The following details summarize the parameters of the open offer:| Particulars | Details |
|---|---|
| Target Company | Jay Kailash Namkeen Limited |
| Acquirer Name | Mr. Amar Pramod Talwar |
| Offer Shares Size | Up to 21,76,540 Equity Shares (26.00% of Expanded Voting Capital) |
| Offer Price | ₹ 56 per Equity Share |
| Maximum Consideration | ₹ 12,18,86,240 |
| Mode of Payment | Cash |
The transaction is structured as a triggered open offer and the Acquirer has made arrangements to finance the acquisition.
Stock Price Movement
Jay Kailash Namkeen Ltd settled at ₹53.06 on Thursday, posting a 4.99% gain for its shares. The stock moved throughout the session, trading between an intraday low of ₹51.00 and a high of ₹53.06.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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