Open Offer Announced for Lykis Ltd: Acquirer to Acquire 26% Stake at ₹34.50 Per Share
Lykis Ltd is undergoing an Open Offer announced by M/s. Parshav Vatika LLP (Acquirer), accompanied by M/s. K8 Products LLP (PAC 1) and M/s. Tidagela Ventures Private Limited (PAC 2). The offer aims to acquire a stake of up to 50,37,541 Equity Shares, representing 26% of the total voting share capital of Lykis Ltd.The transaction outlines the acquisition of shares at a fixed consideration of ₹34.50 (Rupees Thirty Four and Fifty Paise only) per Equity Share.
The Post Offer Advertisement regarding the Open Offer was published on Monday, April 27, 2026, in multiple English, Hindi, and Marathi daily newspapers, including the Financial Express, Jansatta, and Pratahkal.
Open Offer Transaction Details
The open offer is designed to acquire a significant portion of the target company’s equity. Key details of the proposed acquisition are provided below:| Particulars | Details |
|---|---|
| Acquirer | Parshav Vatika LLP |
| Participating Associates (PACS) | KB Products LLP (PAC 1) and Tidagela Ventures Private Limited (PAC 2) |
| Target Company | Lykis Ltd |
| Total Shares Targeted | Up to 50,37,541 Equity Shares |
| Percentage of Total Capital | 26% |
| Consideration Price | ₹34.50 per Equity Share |
Offer Timeline
The schedule of activities related to the Open Offer provided the following milestones:| Event | Date |
|---|---|
| Public Announcement | 20.04.2020 |
| Publication of Detailed Public Statement in Newspapers | 27.04.2020 |
| Last date for a Competing offer | 19.05.2020 |
| Date of Open Offer | 12.06.2028 |
| Closing Date of the Offer | 25.06.21226 |
| Post Offer Advertisement | 03.07.2026 |
| Payment of Consideration for the acquired shares | 10.07.902A |
Key Operational Data
The following table summarizes the shares acquired and the total shareholding size based on the provided documentation:| Particulars | Proposed in the LOF (Full Acceptance) | Actuals |
|---|---|---|
| Open Offer Shares (Number) | 50,37,541 equity shares | 201 equity shares |
| Open Offer Shares (Percentage) | 26.00% | 0.001% |
| Acquirer Shares Acquired by SPA (Shares) | 1,30,14,966 | 1.30,14,966 |
| Acquirer Shares Acquired by SPA (%) | 67.17% | 67.17% |
| Post Offer shareholding of Acquirer along with PACS | 93.1E70 | 1807716) 67.18% |
The Annualized Trading Turnover of the equity shares of Lykis Ltd on BSE during the twelve calendar months prior to the Public Announcement date (April 2025 - March 2026) was reported as 49,53,800 with a turnover of 3.53%.
The Fair Value of the equity share of the Target Company was certified at ₹6.75, as certified by Bhavesh M Rathod, Chartered Accountant.
Stock Price Movement
As of 12:09, Lykis Ltd shares are edging higher at ₹49.94, ticking up 0.91%. The stock navigated its intraday range, trading between a low of ₹48.06 and a high of ₹51.99.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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