Description

Open offer by multiple acquirers to acquire up to 27,78,399 equity shares representing 25.73% of ADDI Industries Limited at Rs. 75 per share.

Summary

Multiple acquirers led by Mr. Rajat Goyal, Mrs. Neha Agarwal, and others have announced an open offer to acquire up to 27,78,399 equity shares of ADDI Industries Limited, representing 25.73% of the company’s total equity/voting share capital at Rs. 75.00 per fully paid equity share payable in cash.

Key Points

  • Offer price: Rs. 75.00 per equity share (face value Rs. 5.00)
  • Target shares: Up to 27,78,399 equity shares (25.73% of total equity)
  • Payment method: Cash
  • Offer made under SEBI (SAST) Regulations 2011
  • Not conditional to minimum acceptance level
  • No competing offer exists
  • Acquirers can revise offer price up to 3 working days before tendering period opens

Regulatory Changes

Offer made pursuant to Regulations 3(1) and 4 of Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Compliance Requirements

  • Public shareholders must respond through proper channels
  • Form of Acceptance cum acknowledgement and Transfer Deed(s) required
  • No statutory approvals required as of PA date
  • Documents available on SEBI website: www.sebi.gov.in

Important Dates

  • Offer price revision deadline: Friday, August 22, 2025 (3 working days before tendering period opens)
  • Tendering period opening: To be announced

Impact Assessment

Significant corporate action involving substantial shareholding acquisition of 25.73% in ADDI Industries Limited. The offer provides liquidity opportunity for public shareholders at Rs. 75 per share. Multiple acquirers indicate coordinated acquisition strategy with significant cash outlay of approximately Rs. 20.84 crores for maximum acceptance.

Impact Justification

Major takeover offer involving 25.73% shareholding with significant cash consideration