01 April 2021 - 31 May 2021

DETAILS OF OPEN OFFERS MADE UNDER SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 1997 and SEBI(SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS), REGULATIONS , 2011
During the period from 01 April 2021 - 31 May 2021 Updation on Monthly basis
S.No Target Company Acquirers Offer Schedule Offer Size Offer features
      Date of Public Announcement Comments Sent by SEBI on Opening date Closing date No of shares % of equity capital In terms of Value ( Rs cr) Offer Price (Per share) Object of the offer Post offer stake of Acquirer in % (assuming full response in the offer) Mode of payment consideration
1 Constronics Infra Limited Mr. J. Vishnu Vardhan 22-Feb-21 17-Mar-21 06-Apr-21 22-Apr-21 28,85,000 40.02 5.7 1.64 Change in control 54.37% Cash
2 Sindu Valley Technologies Ltd Bhadra Paper Mills Limited, Mr. Subbaraju Lakshman and Mr. Madesh Lakshman 01-Dec-20 19-Mar-21 08-Apr-21 26-Apr-21 1,82,000 26% 21.5 0.39 substantial acquisition of shares and change in control 99.55% Cash
3 Pratik Panels Limited Pankaj Chandrakant Mishra, Devyani Pankaj Mishra 21-Jan-21 22-Mar-21 09-Apr-21 27-Apr-21 10,13,610 26% 1 0.1 Change in control 65.24% Cash
4 Lloyds Steels Industries Limited Shree Global Trade Fin Ltd  28-Jan-21 24-Mar-21 12-Apr-21 28-Apr-21 23,36,61,600 26% 1 23.36 Change in control 79.41% Cash
5 Modern Convertors Limited Jashandeep singh, Shashikant Bhoge, Vaishali Mulay and Jetra Infrastructure Private Limited 03-Feb-21 25-Mar-21 15-Apr-21 29-Apr-21 12,36,000 40% 11 1.36 Change in control 65.65% Cash
6 Towa Sakki Limited Sudhir Mehta 17-Feb-21 26-Mar-21 19-Apr-21 03-May-21 11,84,248 26% 6 0.71 Change in control 97.21% Cash
7 Siel Financial Services Limited Parmeet Singh Sood 25-Feb-21 31-Mar-21 22-Apr-21 05-May-21 28,35,938 25% 2.25 0.638 Change in control 100% Cash
8 Magma Fincorp Limited  Rising Sun Holdings Private Limited 10-Feb-21 30-Mar-21 04-May-21 18-May-21 19,88,32,105 26% 70 1391.82 substantial acquisition of shares and change in control 91% Cash
9 Solex Energy Limited Mr.Chetan Sureshchandra Shah and 16 others along with Ms. Shikha Ayush Patodia 17-Mar-21 22-Apr-21 07-May-21 21-May-21 20,80,000 26% 35 7.28 Change in control 76.68% Cash
10 Majesco Limited Aurum Platz IT Private Limited 21-Mar-21 03-May-21 20-May-21 03-Jun-21 74,43,720 26% 77 57.32 Change in control 40.78% Cash
11 Mangalam Industrial Finance Limited Yatin Gupte, Sojan V Avirachan, Mr. R.Venkataramana, Garuda Mart India Private Limited and Wardwizard Solutions India Private Limited 19-Nov-20 12-May-21 31-May-21 11-Jun-21 25,00,27,310 26% 0.5 12.5 substantial acquisition of shares and change in control 52.54% Cash