Corporate Professionals Capital Private Limited has issued a post-offer advertisement detailing the acquisition of Jai Mata Glass Limited. The offer involved acquiring up to 2,60,00,000 equity shares at a price of INR 1.85 per share, totaling INR 4,81,00,000. This transaction reflects a significant change in the shareholding structure of Jai Mata Glass Limited, with the acquirers now holding a substantial stake.
Post-Offer Advertisement Issued for Jai Mata Glass Acquisition
Corporate Professionals Capital Private Limited, acting as the Manager to the Offer, has submitted a post-offer advertisement regarding the acquisition of shares in Jai Mata Glass Limited. This announcement, made in compliance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, provides the final details of the open offer.
Offer Details and Transaction Value
The open offer aimed to acquire up to 2,60,00,000 equity shares, representing 26.00% of the paid-up equity share capital of Jai Mata Glass Limited. The offer price was set at INR 1.85 per equity share. Consequently, the total value of the offer amounted to INR 4,81,00,000. The offer opened on August 21, 2026, and closed on September 04, 2026, with payment of consideration scheduled for September 10, 2026.
Shareholding Changes
Following the offer, a total of 2,60,00,000 equity shares were accepted. The shareholding of the acquirers (Mr. Ashwani Gulati, Ms. Kiran Gulati, and M/s Veerasha Trust) along with their Persons Acting in Concert (PAC) has increased significantly. Prior to the agreements, their combined shareholding was 4,45,65,460 equity shares (44.57%). Post the open offer, their shareholding is stated as 4,45,65,460 equity shares (44.57%), with the public shareholding decreasing from 55.43% to 29.43%.
Source: BSE
