Description

Jujhar Constructions and Travels Private Limited announces open offer to acquire up to 26% equity shares of CDG Petchem Limited at ₹41 per share.

Summary

Jujhar Constructions and Travels Private Limited (Acquirer) has launched an open offer to acquire up to 26,00,000 equity shares representing 26% of the expanded paid-up equity share capital of CDG Petchem Limited at ₹41 per fully paid-up equity share of ₹10 face value. The offer is made pursuant to Regulation 3(1) and Regulation 4 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Key Points

  • Acquirer: Jujhar Constructions and Travels Private Limited, located at Near Bridge Jawaddipakhowal Road, Ludhiana, Punjab-141001
  • Target Company: CDG Petchem Limited (Registered office: Plot No. 10 & 11, Mch No. 1-8-304 to 307/10, Pattigadda Road, Hyderabad, Telangana-500003)
  • Offer Size: Up to 26,00,000 equity shares (26% of expanded paid-up equity share capital)
  • Offer Price: ₹41 per equity share of ₹10 face value, payable in cash
  • Open Offer is not conditional upon minimum acceptance level
  • No competing offer exists as on the date of Letter of Offer
  • No statutory approvals currently required for implementation
  • Shares under lock-in held by non-promoters cannot be tendered as per Regulation 167(2) of SEBI ICDR Regulations

Regulatory Changes

This open offer is conducted under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments. The offer complies with Regulation 3(1) and Regulation 4 of SEBI (SAST) Regulations.

Compliance Requirements

  • Public shareholders of CDG Petchem Limited can tender their shares during the tendering period
  • Shareholders holding shares under lock-in (non-promoters) are prohibited from tendering their shares
  • If statutory approvals become applicable prior to completion, the offer will be subject to receipt of such approvals
  • Any upward revision in Offer Price/Offer Size must be communicated via Public Announcement in the same newspapers up to 1 working day prior to tendering period commencement
  • Revised offer price would be payable for all shares validly tendered during the tendering period

Important Dates

  • Offer Opening Date: Friday, October 10, 2025
  • Last date for upward revision of Offer Price/Offer Size: Wednesday, October 08, 2025 (1 working day prior to tendering period commencement)

Impact Assessment

Market Impact: High - This is a significant acquisition event involving 26% stake in CDG Petchem Limited, which may affect the company’s shareholding pattern and corporate control structure.

Shareholder Impact: Public shareholders have the opportunity to exit their investment at ₹41 per share. The offer provides liquidity to minority shareholders during the acquisition process.

Operational Impact: The acquisition may lead to changes in management and business strategy of CDG Petchem Limited post-completion of the open offer.

Key Parties:

  • Manager to the Offer: Fintellectual Corporate Advisors Private Limited (SEBI Reg: INM000012944)
  • Registrar to the Offer: Skyline Financial Services Private Limited (SEBI Reg: INR000003241)

Shareholders requiring clarifications should consult their stock brokers, investment consultants, or the Manager/Registrar to the Offer.

Impact Justification

Major acquisition event involving 26% stake takeover of CDG Petchem Limited, requiring shareholder action during tendering period