Dolphin Medical Services open offer date set for Jul 17, 2026
Rarever Financial Advisors Private Limited announced July 17, 2026, as the identified date for the open offer for Dolphin Medical Services Limited. Acquirers Mr. Amarandhar Reddy Kotha and Mr. Mallour Rajesh Kumar aim to acquire 26% of the voting share capital at ₹4.80 per share. The date determines the shareholders eligible to receive the Letter of Offer under SEBI regulations.
*this image is generated using AI for illustrative purposes only.
Rarever Financial Advisors Private Limited has fixed July 17, 2026, as the identified date for the proposed open offer to acquire up to 39,25,988 fully paid-up equity shares of Dolphin Medical Services Limited . The offer represents 26.00% of the voting share capital of the target company. Acquirers Mr. Amarandhar Reddy Kotha and Mr. Mallour Rajesh Kumar will purchase these shares from public shareholders at a price of ₹4.80 per equity share.
The Manager to the Offer stated that the identified date is established to determine the names of the shareholders as on that specific date to whom the Letter of Offer would be sent. This disclosure was made in compliance with regulation 18(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
The open offer process references a Public Announcement dated May 15, 2026, a Detailed Public Statement published on May 22, 2026, and a Draft Letter of Offer dated June 01, 2026. The shares being acquired have a face value of ₹10 each.
Open Offer Details
| Parameter | Details |
|---|---|
| Target Company | Dolphin Medical Services Limited |
| Acquirer 1 | Mr. Amarandhar Reddy Kotha |
| Acquirer 2 | Mr. Mallour Rajesh Kumar |
| Offer Size | 39,25,988 Equity Shares |
| Offer Percentage | 26.00% of Voting Share Capital |
| Offer Price | ₹4.80 per Equity Share |
| Face Value | ₹10 per Equity Share |
| Identified Date | July 17, 2026 |
| Manager to the Offer | Rarever Financial Advisors Private Limited |
Historical Stock Returns for Dolphin Medical Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.80% | -2.80% | -16.12% | +141.32% | +220.08% | +106.20% |
How will the significant discount between the offer price (₹4.80) and the face value (₹10) impact shareholder participation rates?
What strategic changes or management shifts are expected at Dolphin Medical Services following the completion of this 26% acquisition?
How might this open offer influence the liquidity and trading volume of Dolphin Medical Services shares in the secondary market?
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