Open Offer Launched for 26% Stake in Rishab Special Yarns at ₹13 per Share

1 min read Updated on 13 Nov 2025, 06:57 AM

Reviewed by

Riya DScanX News Team

Overview

Vatsal Agarwaal and Nextera Global Private Limited have announced an open offer to acquire up to 9,25,782 shares (26% of voting capital) of Rishab Special Yarns Limited at ₹13 per share. This follows a share purchase agreement where the acquirers gained a 44.23% stake from selling promoter shareholders. The maximum consideration for the open offer is ₹1,20,35,166.

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

Rishab Special Yarns Limited (RSYL) is currently the subject of an open offer that could potentially reshape its ownership structure. Vatsal Agarwaal and Nextera Global Private Limited have announced an open offer to acquire up to 9,25,782 shares representing 26% of Rishab Special Yarns Limited's voting capital at ₹13 per share.

Open Offer Details

Aspect	Details
Acquirers	Vatsal Agarwaal and Nextera Global Private Limited
Target Shares	9,25,782 (26% of voting capital)
Offer Price	₹13.00 per share
Maximum Consideration	₹1,20,35,166

Underlying Transaction

The open offer was triggered following a share purchase agreement where the acquirers gained a substantial stake in RSYL:

Detail	Value
Shares Acquired	Not specified
Percentage of Voting Share Capital	44.23%
Sellers	Selling promoter shareholders

This acquisition represents a significant change in the company's ownership structure, with the acquirers gaining a substantial controlling interest.

Implications for Shareholders

The open offer provides an opportunity for public shareholders to sell their shares at ₹13 per share. Shareholders will need to carefully consider this information when deciding whether to participate in the open offer.

This corporate action represents a potential shift in control for Rishab Special Yarns Limited. Shareholders and market observers will be keenly watching how this open offer unfolds and its implications for the company's future direction.

Historical Stock Returns for Rishab Special Yarns