Opulus Bizserve Launches Open Offer for 26% Stake in Esha Media Research at ₹15 Per Share
Opulus Bizserve Private Limited has announced a mandatory open offer to acquire up to 26% stake in Esha Media Research Limited at ₹15.00 per share, valuing the offer at ₹3.43 crores. This follows Opulus Bizserve's planned acquisition of shares through multiple channels, including a share purchase agreement, preferential allotment, and convertible warrants. Post-transactions, Opulus Bizserve could hold 33.57% of the emerging voting capital. The tendering period is scheduled for October 1-15, 2025, subject to regulatory approvals. This move could significantly impact Esha Media Research's ownership structure and future strategic direction.
09Aug 25
Esha Media Research to Raise Rs 37.35 Crore via Preferential Issue, Schedules EGM
Esha Media Research Limited plans to raise Rs 37.35 crore through a preferential issue of equity shares and convertible warrants. The company will issue 10 lakh equity shares at Rs 15 per share to Opulus Bizserve Private Limited and 2.39 crore convertible warrants at Rs 15 each to 12 non-promoter entities. The funds will be used for working capital (Rs 34 crore) and general corporate purposes (Rs 3.50 crore). The company also proposes to increase its authorized share capital from Rs 13 crore to Rs 35 crore. An EGM is scheduled for September 1, 2025, to seek shareholder approval for these initiatives.
08Aug 25
Esha Media Research Reports Rs 40.70 Lakh Loss in Q1, Plans Capital Restructuring
Esha Media Research Limited reported a net loss of Rs 40.70 lakhs in Q1, compared to a profit of Rs 34.81 lakhs in the same quarter last year. Revenue dropped 53.2% to Rs 53.60 lakhs. The company faces financial challenges with eroded net worth and an outstanding unsecured loan of Rs 769.68 lakhs from an ex-director. Auditors issued a qualified conclusion citing concerns over the loan liability. Despite difficulties, management prepared results on a going concern basis. The board approved a proposal to increase authorized share capital and issue equity shares and convertible warrants, subject to shareholder approval.
07Aug 25
Opulus Bizserve Announces Open Offer for Esha Media Research, Aims to Acquire 26% Stake
Opulus Bizserve Private Limited has announced an open offer to acquire up to 26% stake in Esha Media Research Limited at ₹15.00 per share. This follows a share purchase agreement for 1.92% stake and proposed preferential allotments of shares and warrants. The transactions could significantly alter Esha Media Research's ownership structure, with Opulus Bizserve potentially holding 30.04% post-issue. The company's board has approved these strategic initiatives to strengthen its capital base and attract new investors.
06Aug 25
Esha Media Research Limited Approves Rs. 35 Crore Capital Boost and Strategic Share Issuance
Esha Media Research Limited's Board has approved increasing authorized share capital from Rs. 13.00 crores to Rs. 35.00 crores. The company plans a preferential issue of 10 lakh equity shares at Rs. 15.00 per share to non-promoters and 2.39 crore convertible warrants at Rs. 15.00 per warrant. These moves could raise Rs. 37.35 crores. An EGM is scheduled for September 1, 2025, to seek shareholder approval. Post-issuance, significant ownership changes are expected, with Opulus Bizserve Private Ltd potentially holding 30.04% and new investors entering the ownership structure.