Nanavati Ventures Faces Ownership Shift: Open Offer Launched for 26% Stake at ₹90 Per Share

In a significant development for Nanavati Ventures Limited , Mrs. Nila Biswakarma and Mr. Samad Ahmed Khan have launched an open offer to acquire a substantial stake in the company. This move comes on the heels of a major share purchase agreement, signaling a potential shift in the company's ownership structure.

Open Offer Details

The acquirers, Mrs. Nila Biswakarma and Mr. Samad Ahmed Khan, have announced an open offer to purchase up to 12,14,200 shares, representing 26% of the voting share capital of Nanavati Ventures Limited. The offer price has been set at ₹90.00 per share, payable in cash. If fully subscribed, the total consideration for this open offer would amount to ₹10,92,78,000.00.

Background of the Offer

This open offer has been triggered following a significant share purchase agreement executed on December 30, 2024. Under this agreement, the acquirers have committed to purchase 24,14,100 shares, representing a 51.69% stake in Nanavati Ventures, from the selling promoter shareholder, Mrs. Kashmira Hemantkumar Nanavati. The agreed price for this transaction is ₹151.00 per share, totaling ₹36,45,29,100.00.

Regulatory Compliance

The open offer is being made in compliance with Regulations 3(1) and 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011. Swaraj Shares and Securities Private Limited has been appointed as the manager for this offer.

Public Announcement

As part of the regulatory process, a post-offer public announcement was published on July 25, 2025, in several newspapers including:

• Financial Express (English Daily, All Editions)
• Jansatta (Hindi Daily, All Editions)
• Mumbai Lakshadeep (Marathi Daily, Mumbai Edition)
• Financial Express (Gujarati Daily, Ahmedabad Edition)

Implications for Shareholders

This open offer presents an opportunity for the public shareholders of Nanavati Ventures Limited to tender their shares at ₹90.00 per share. The offer price has been determined in accordance with the parameters prescribed under Regulations 8(1) and 8(2) of the SEBI (SAST) Regulations.

Conclusion

The open offer by Mrs. Nila Biswakarma and Mr. Samad Ahmed Khan marks a potential turning point for Nanavati Ventures Limited. As the process unfolds, shareholders and market watchers will be keenly observing the response to this offer and its implications for the company's future direction.