RGFamily Trust Launches Open Offer to Acquire 26% Stake in Fabino Enterprises Ltd.
Fabino Enterprises Limited is undergoing an open offer for the acquisition of equity shares by RGFamily Trust, which holds Acquirer No 1. This move aims to acquire 546,000 fully paid up equity shares representing 26.00% of the company’s equity share capital. The offer has been announced in adherence to regulations regarding Substantial Acquisition of Shares and Takeovers (SAST).The offer proposes a price of ₹20 per share, which is being paid in cash as per Regulation 9(1)(a) of the SEBI (SAST) regulations. A Committee of Independent Directors (IDC) of Fabino Enterprises Limited recommended the offer price of ₹20 on June 24, 2026, noting that it was fair and reasonable.
The company has maintained a clear procedure for this offer, noting that all registered shareholders have been notified the method to participate in the open offer. The public is directed to refer to the Section titled Procedure for Acceptance and Settlement of the Offer on page 18 of the Letter of Offer for detailed procedures.
Offer Details and Shareholder Procedure
The Open Offer provides methods for both dematerialized and physical shareholders to tender their equity shares, subject to various terms and conditions. Shareholders holding in physical form are advised to participate through their respective Selling Broker by providing required information and documents along with Form SH-4. Those whose shares are in dematerialized form must follow the process specified.
The offer is contingent upon receiving necessary statutory approvals that may be obtained before the opening date of the Open Offer. The Company has confirmed that all other terms and conditions of the offer, including the reliance on a feasibility study submitted to SEBI dated May 10, 2026, have been incorporated into the Letter of Offer.
Schedule of Activities for Fabino Enterprises Limited's Open Offer
The following table outlines the schedule of activities related to the open offer, highlighting key milestones from the original and revised schedules.
| Major Activities | Original Schedule (April/May 2026) | Revised Schedule (June/July 2026) |
|---|---|---|
| Publication of Detailed Public Statement | May 13, 2026 (Wednesday) | May 13, 2026 (Wednesday) |
| Last Date for Competitive Bid | May 27, 2026 (Wednesday) | May 27, 2026 (Wednesday) |
| Receipt of Comments from SEB on Draft Letter of Offer | June 4, 2026 (Thursday) | June 11, 2026 (Thursday) |
| Identified Date | June 8, 2026 (Monday) | June 12, 2026 (Friday) |
| Date by which Letter of Offer be posted to the Shareholder | June 15, 2026 (Monday) | June 19, 2026 (Friday) |
| Comments on the Offer by a Committee of Independent Directors | June 18, 2026 (Thursday) | June 24, 2026 (Wednesday) |
| Last Day of Revision of Offer Price/Share | June 19, 2026 (Friday) | June 25, 2026 (Thursday) |
| Date of Opening of the Offer | June 22, 2026 (Monday) | June 29, 2026 (Monday) |
| Date of Closing of the Offer | July 6, 2026 (Monday) | July 10, 2026 (Friday) |
The open offer is subject to statutory and other approvals. Fabino Enterprises Limited confirmed that there have been no other material changes in the Letter of Offer since its issuance.
Stock Price Movement
Fabino Enterprises Ltd. settled at ₹20.31 on Monday, ticking up 4.96% in post-market trading. The stock remained completely locked throughout the session, as its intraday high and low were both pinned at ₹20.31.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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