GSB Finance Limited Concludes Open Offer, New Management Takes Control
GSB Finance Limited has completed an open offer, resulting in a change of ownership and management. The acquirers, led by Vivek Kumar Singhal, Kshitij Agrawal, Nivesh Mandi Private Limited, and Stock Mandi, purchased 55.25% of the voting share capital (3,264,470 equity shares) at Rs. 13.00 per share, totaling Rs. 4.24 crores. The open offer, conducted from September 30 to October 14, 2025, offered to purchase up to 26% of voting capital at Rs. 21.44 per share. The transaction marks a significant shift in company control, with the new acquirers assuming management responsibilities and the selling promoters exiting the promoter group.
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GSB Finance Limited has announced the successful completion of an open offer, marking a significant change in the company's ownership and management structure. The acquirers, led by Vivek Kumar Singhal, Kshitij Agrawal, Nivesh Mandi Private Limited, and Stock Mandi, have purchased a substantial stake in the company, signaling a new chapter for GSB Finance.
Key Details of the Transaction
| Detail | Value |
|---|---|
| Acquisition Size | 3,264,470 equity shares (55.25% of voting share capital) |
| Purchase Price | Rs. 13.00 per share |
| Total Transaction Value | Rs. 4.24 crores |
| Selling Parties | Ramakant Sagarmal Biyani, Neelam Ramakant Biyani, and GSB Securities Private Limited |
| Offer Period | September 30, 2025 to October 14, 2025 |
| Settlement Date | October 30, 2025 |
| Offer Price | Rs. 21.44 per share (including 10% interest) |
| Maximum Shares in Offer | 15,60,000 shares (26% of voting capital) |
| Maximum Consideration | Rs. 3.34 crores |
Change in Management
This transaction has resulted in a significant shift in the company's control. The acquirers will now assume management control of GSB Finance Limited. Consequently, the selling promoters will cease to be part of the promoter group and are expected to apply for declassification in accordance with SEBI regulations.
Regulatory Compliance
The open offer was conducted in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. GYR Capital Advisors Private Limited replaced Swaraj Shares and Securities Private Limited as the merchant banker for this transaction, following SEBI's suspension of the latter's registration.
Implications for Shareholders
This change in ownership could potentially bring new strategies and direction for GSB Finance Limited. Existing shareholders and potential investors should closely monitor any forthcoming announcements regarding the company's future plans and any changes in business strategy under the new management.
Market Response
The market's response to this change in control remains to be seen. Investors are advised to keep an eye on the company's stock performance and any subsequent announcements that may provide insights into the new management's vision for GSB Finance Limited.
The successful completion of this open offer marks a significant milestone for GSB Finance Limited. As the new management takes control, stakeholders will be keenly watching for any shifts in the company's direction and performance in the coming months.
Historical Stock Returns for GSB Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -5.90% | -16.64% | +18.20% | +79.83% | +421.81% |
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