Genesis IBRC India: Open Offer Completed, Combined Stake Reaches 62.84%
Genesis IBRC India Limited has successfully completed its open offer process, with Mr. Padmanaban Krishnamoorthy acquiring 9,00,200 shares representing 6.92% of voting capital at ₹27 per share. This acquisition, combined with Ms. V Varalakshmi's existing shareholding of 72,69,500 shares (55.92%), brings their total combined stake to 81,69,700 shares or 62.84% of the company's voting capital, as disclosed under SEBI Regulation 29.
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Genesis IBRC India Limited has completed its open offer process, with the acquirers successfully increasing their combined shareholding to 62.84% of the company's voting capital. The substantial acquisition disclosure under Regulation 29 of SEBI (SAST) Regulations reveals the final outcome of the corporate action that was initiated following the initial stake acquisition.
Open Offer Completion Details
The open offer, which was announced for acquisition of up to 26,40,039 shares representing 20.31% of voting share capital at ₹27.00 per share, has been successfully completed. Mr. Padmanaban Krishnamoorthy acquired 9,00,200 shares through the open offer process, with consideration paid to public shareholders on December 16, 2025.
| Parameter | Details |
|---|---|
| Shares Acquired by Mr. Krishnamoorthy | 9,00,200 shares |
| Percentage Acquired | 6.92% of voting capital |
| Acquisition Price | ₹27.00 per share |
| Acquisition Mode | Open Offer |
| Consideration Payment Date | December 16, 2025 |
Current Shareholding Structure
Following the completion of the open offer, the combined shareholding of the acquirers has increased significantly. Ms. V Varalakshmi continues to hold her original stake, while Mr. Padmanaban Krishnamoorthy has acquired additional shares through the open offer mechanism.
| Shareholder | Shareholding | Percentage |
|---|---|---|
| Ms. V Varalakshmi | 72,69,500 shares | 55.92% |
| Mr. Padmanaban Krishnamoorthy | 9,00,200 shares | 6.92% |
| Combined Holding | 81,69,700 shares | 62.84% |
Regulatory Compliance and Process
The substantial acquisition disclosure has been filed in compliance with Regulation 29(2) of SEBI (SAST) Regulations, 2011. The company's shares are listed on BSE Limited, and the entire process has been conducted under the regulatory framework governing substantial acquisitions in India's capital markets.
| Company Details | Information |
|---|---|
| Company Name | Genesis IBRC India Limited |
| CIN | L47733AP1992PLC107068 |
| Listing Exchange | BSE Limited |
| Paid-up Share Capital | ₹13,00,00,000 |
| Total Equity Shares | 1,30,00,000 shares (₹10 face value) |
Transaction Status and Transfer Process
The disclosure indicates that while consideration has been paid to public shareholders on December 16, 2025, the formal transfer of shares to Mr. Padmanaban Krishnamoorthy is currently in process. This completion of the open offer represents the final phase of the substantial acquisition that began with Ms. V Varalakshmi's initial stake purchase.
The successful completion of this open offer demonstrates the effectiveness of SEBI's regulatory framework in ensuring transparent and compliant substantial acquisitions while providing exit opportunities for public shareholders at predetermined prices.
Historical Stock Returns for Genesis IBRC
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.00% | -1.71% | -9.87% | +249.29% | +367.66% | +995.17% |
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