Pharmaids Pharmaceuticals Open Offer: Acquirers Seek 26% Stake at Rs. 62.15 Per Share Aug 07, 2025
Open Offer for Pharmaids Pharmaceuticals at ₹62.15 per Share Aug 07, 2025
More news about Pharmaids Pharmaceuticals
25Jul 25
Shankarappa Nagaraja Vinaya Babu Launches Open Offer for 26% Stake in Pharmaids Pharmaceuticals at ₹62.15 Per Share
Shankarappa Nagaraja Vinaya Babu and Tumkur Trade Center Private Limited have announced an open offer to acquire up to 26% stake in Pharmaids Pharmaceuticals at ₹62.15 per share, valuing the deal at ₹56.99 crore. The offer period is from August 4 to August 18, 2025. The acquirers currently hold a combined 24.36% stake, which could increase to 51.28% post-offer. Most existing promoters will seek reclassification as public shareholders, while the acquirers will become new promoters. Pharmaids Pharmaceuticals, engaged in pharmaceutical and biotechnology services, reported a revenue of ₹1,944.74 lakh and a net loss of ₹1,350.51 lakh for FY ending March 31, 2025.