Skybridge Interactive Launches Open Offer for Baba Arts Ltd. Shares at Rs. 6
Skybridge Interactive LLP has initiated an open offer to public shareholders of Baba Arts Limited, marking the acquisition phase following a strategic agreement with the company’s Promoters Seller.The transaction involves two parts: the acquisition of shares by Skybridge Interactive LLP from the Promoter Seller and the subsequent public open offer. The Acquirer entered into a Share Purchase Agreement (SPA) dated February 25, 2026, with the Promoter Seller for the purchase of 3,92,00,000 Equity Shares, which represent 74.67% of the company's equity.
In parallel, Skybridge Interactive LLP has introduced an open offer aimed at public shareholders. The offer pertains to the acquisition of 1,32,92,000 fully paid up Equity Shares of Baba Arts Limited. These shares represent 25.32% of the total Equity and Voting Share Capital of the Target Company.
The details of the open offer state that the shares are valued at Rs. 1.00 each, and the offer price set for public shareholders is Rs. 6 per Equity Share.
Key figures relating to the acquisition and open offer are detailed below:
| Metric | Detail |
|---|---|
| Target Company | Baba Arts Limited |
| Acquirer | Skybridge Interactive LLP |
| SPA Date | February 25, 2026 |
| Shares under Open Offer | 1,32,92,000 |
| Percentage of Public Offer | 25.32% |
| Offer Price per Share | Rs. 6 |
| Total Acquisition via SPA | 3,92,00,000 Equity Shares (74.67%) |
Stock Price Movement
As of 15:28, shares of Baba Arts Ltd. are ticking down, currently standing at ₹15.68, which represents a 2.49% drop. The stock demonstrated considerable intraday movement, having traded between a low of ₹15.11 and a high of ₹16.87.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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