Deniis Desai Announces Open Offer to Acquire 26% Stake in Devinsu Trading at ₹350 Per Share Jul 23, 2025
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23Jul 25
Deniis Desai Announces Open Offer to Acquire 26% Stake in Devinsu Trading at ₹350 Per Share
Deniis Desai has made an open offer to acquire up to 1,63,800 equity shares (26% stake) in Devinsu Trading at ₹350 per share, totaling ₹5.73 crores. This follows a share purchase agreement for 14.52% stake from the current promoter and a board-approved preferential issue. The offer, opening on September 2, 2025, and closing on September 16, 2025, provides an exit opportunity for shareholders at a premium. Desai has deposited the full consideration in an escrow account, demonstrating financial capability for the transaction.