NewsCorporate ActionsSuman Nandi Launches Open Offer for 26% Stake in Premium Capital Market and Investment LimitedSuman Nandi Launches Open Offer for 26% Stake in Premium Capital Market and Investment Limited
Suman Nandi has announced an open offer to acquire 17,04,000 equity shares (26% stake) in Premium Capital Market and Investment Limited at Rs. 6.40 per share. The total consideration for the offer is Rs. 1,09,05,600.00. Nandi currently holds a 24.25% stake and aims to increase it to 50.25% post-acquisition. The offer, managed by Interactive Financial Services Limited, is triggered under SEBI regulations following Nandi's acquisition of control through a direct transaction. The detailed public statement is due by September 29, 2025.
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Suman Nandi has initiated a significant move in the Indian financial market by announcing an open offer to acquire a substantial stake in Premium Capital Market and Investment Limited . The offer, triggered under Regulation 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, aims to purchase up to 17,04,000 equity shares, representing 26% of the company's total issued and subscribed capital.
Key Details of the Open Offer
| Item | Detail |
|---|---|
| Offer Price | Rs. 6.40 |
| Total Consideration | Rs. 1,09,05,600.00 |
| Target Acquisition | 17,04,000 equity shares (26% stake) |
| Current Holding | 15,89,300 shares (24.25% stake) |
| Post-Acquisition Holding | 32,93,300 shares (50.25% stake) |
Transaction Background
The open offer was triggered following Nandi's acquisition of control through a direct transaction. In this initial move, Nandi acquired 15,89,300 shares, constituting a 24.25% stake, for Rs. 23,83,950.00 in cash. This strategic purchase has positioned Nandi to potentially become the majority shareholder of Premium Capital Market and Investment Limited.
Company Details
Premium Capital Market and Investment Limited is listed on the BSE Limited. The company's registered office is located at 401, Starlit Tower, 4th Floor, 29, Y N Road, Indore, Madhya Pradesh.
Offer Management and Timeline
Interactive Financial Services Limited has been appointed as the manager to the offer. As per the regulatory requirements:
- The detailed public statement is scheduled to be published by September 29, 2025.
- The offer is not conditional upon any minimum level of acceptance.
Implications for Shareholders
This open offer presents an opportunity for the existing shareholders of Premium Capital Market and Investment Limited to sell their shares at Rs. 6.40 per share. Shareholders should note that the offer price has been determined in accordance with SEBI regulations.
Regulatory Compliance
The company has duly informed the BSE Limited about the receipt of the Public Announcement dated September 22, 2025, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Investors and shareholders are advised to carefully review the detailed public statement and letter of offer, once available, for comprehensive information about the open offer and to make informed decisions regarding their shareholdings.
