Deniis Desai has initiated an open offer to acquire up to 26% stake in Devinsu Trading Limited , marking a significant corporate action in the company's ownership structure. The offer comes as part of a larger transaction that could see Desai gaining control of the company.

Key Details of the Open Offer

• Offer Size: Up to 1,63,800 fully paid-up equity shares
• Offer Price: ₹350.00 per share
• Total Consideration: ₹5.73 crore
• Offer Period: October 27 to November 10, 2025

Background of the Transaction

The open offer follows Desai's agreement to purchase a 14.52% stake (91,493 shares) from the current promoter, Sunshine Fibre Private Limited, for ₹3.20 crore. Additionally, Desai will subscribe to 80,000 new equity shares through a preferential allotment.

Implications for Devinsu Trading

Potential Change in Control

Upon completion of the transaction and open offer, Desai could potentially hold a 53.22% stake in Devinsu Trading, effectively gaining control of the company.

Listing Status Considerations

The company's shares are currently listed on BSE but are infrequently traded. This transaction may impact the public shareholding and could have implications for the company's listing status.

Financial Position

Devinsu Trading currently generates no operational revenue, which may be a focus area for the new controlling shareholder.

Market Impact

The open offer price of ₹350.00 per share represents a premium to the company's book value, which stood at ₹324.29 as of the last reported financial year. This premium might attract interest from existing shareholders.

Regulatory Compliance

The transaction is subject to necessary regulatory approvals. Mark Corporate Advisors Private Limited is serving as the manager to the offer, while MUFG Intime India Private Limited acts as the registrar.

Shareholders of Devinsu Trading should carefully consider the terms of the open offer and seek independent financial advice before making a decision on tendering their shares.

This corporate action represents a potential turning point for Devinsu Trading Limited, with the possibility of new management and strategic direction under Deniis Desai's control.

Devinsu Trading has received an open offer from Deniis Desai to acquire up to 26% of the company's emerging voting capital. This move could potentially give Desai control of the company. The offer is part of a larger transaction that includes a share purchase agreement and a proposed preferential allotment.

Key Details of the Open Offer

Background of the Transaction

The open offer has been triggered by two key events:

1. Share Purchase Agreement: Desai has entered into an agreement to acquire 91,493 equity shares (14.52% stake) from the current promoter, Sunshine Fibre Private Limited.

2. Proposed Preferential Issue: The board of Devinsu Trading has approved a preferential allotment of 1,30,000 shares, of which 80,000 will be issued to Desai.

Impact on Shareholding

If the open offer is fully subscribed, along with the completion of the share purchase and preferential allotment, Desai could potentially hold up to 53.22% of the emerging voting capital of Devinsu Trading Limited.

Financial Arrangements

Desai has made firm financial arrangements for the offer, depositing the full consideration of ₹5.73 crores in an escrow account. His net worth, as certified by a chartered accountant, stands at ₹1,314.17 lakhs.

Valuation and Offer Price Justification

The offer price of ₹350.00 per share is justified based on the valuation parameters, including a fair value of ₹348.21 per share as determined by an independent valuer.

Company Profile

Devinsu Trading Limited is currently not generating revenue from operations but earns income through dividends and investments. The company's memorandum of association allows for trading and financing activities.

Implications for Shareholders

Eligible shareholders of Devinsu Trading Limited can tender their shares during the offer period. The acquisition, if successful, would lead to a change in control of the company, with Desai gaining management control and the current promoter being reclassified as a public shareholder.

Regulatory Compliance

The open offer is being made in compliance with SEBI regulations. The acquirer will ensure that the company maintains the minimum public shareholding as required by the rules.

Shareholders are advised to carefully review the detailed terms and conditions of the offer as outlined in the Letter of Offer before making a decision.