Genesis IBRC India: Open Offer Announced for 20.31% Stake at ₹27 Per Share

1 min read Updated on 22 Nov 2025, 03:50 PM

Reviewed by

Jubin VScanX News Team

Overview

Mr. Padmanaban Krishnamoorthy and Ms. V Varalakshmi have officially announced an open offer for Genesis IBRC India Limited seeking up to 26,40,039 shares representing 20.31% of voting share capital at ₹27 per share. The offer follows their acquisition of 72,69,500 shares (55.92% stake) for ₹19,62,76,500 through off-market transaction, triggering mandatory SEBI SAST compliance requirements.

*this image is generated using AI for illustrative purposes only.

Genesis IBRC India Limited is at the center of a significant corporate action as acquirers Mr. Padmanaban Krishnamoorthy and Ms. V Varalakshmi have officially announced an open offer in compliance with SEBI (SAST) Regulations following their substantial acquisition in the company.

Open Offer Details

Swaraj Shares and Securities Private Limited has been appointed as the Manager to the Offer under SEBI regulations. The acquirers have announced the open offer for acquisition of shares from public shareholders of Genesis IBRC India Limited.

Parameter	Details
Acquirers	Mr. Padmanaban Krishnamoorthy and Ms. V Varalakshmi
Target Company	Genesis IBRC India Limited
Shares Sought	Up to 26,40,039 shares (20.31% of voting share capital)
Offer Price	₹27.00 per share
Maximum Consideration	₹7,12,81,053
Manager to Offer	Swaraj Shares and Securities Private Limited

Underlying Transaction Details

The open offer has been triggered following the acquirers' substantial stake acquisition in Genesis IBRC India Limited. The transaction demonstrates compliance with mandatory disclosure requirements under SEBI regulations.

Transaction Aspect	Details
Shares Acquired	72,69,500 shares
Percentage Acquired	55.92% of voting share capital
Acquisition Price	₹27.00 per share
Total Consideration	₹19,62,76,500
Transaction Mode	Off-market transaction

Regulatory Compliance

The open offer is being conducted in strict compliance with Regulations 3(1) and 4 of the SEBI (SAST) Regulations. The offer price of ₹27.00 per share has been determined in accordance with parameters prescribed under Regulations 8(1) and 8(2) of the SEBI (SAST) Regulations.

The Post-Offer Public Announcement has been published in multiple newspapers including Financial Express (English daily), Jansatta (Hindi daily), Mumbai Lakshadeep (Marathi daily), and Saksham Daily (Telugu daily) to ensure wide dissemination of information to shareholders.

Market Implications

This corporate action highlights the robust regulatory framework governing substantial acquisitions in India's capital markets. The mandatory open offer mechanism ensures protection of minority shareholder interests while providing them with an exit opportunity at a predetermined price.

Shareholders of Genesis IBRC India Limited now have the opportunity to tender their shares at ₹27 per share during the open offer period. The successful completion of this offer will further consolidate the acquirers' position in the company while providing liquidity options for existing public shareholders.

Historical Stock Returns for Genesis IBRC