Jitendra Rasiklal Sanghavi Acquires 71.76% Stake in Sita Enterprises Through Open Offer Aug 18, 2025
More news about Sita Enterprises
07Aug 25
Sita Enterprises Reports 76.8% Surge in Q1 Net Profit, Completes Open Offer
Sita Enterprises Limited, a non-deposit taking NBFC, reported a 76.8% year-over-year increase in net profit for Q1, reaching Rs 198.13 lakhs. Total income rose by 42.1% to Rs 213.76 lakhs. EPS improved to Rs 6.60 from Rs 3.74 in the previous year. The company completed an open offer following a share purchase agreement where Mr. Jitendra Rasiklal Sanghvi acquired 7% of the issued capital. Statutory auditors issued an unmodified opinion on the quarterly financial results.
07Aug 25
Jitendra Rasiklal Sanghavi Launches Open Offer for 25% Stake in Sita Enterprises at Rs. 92.50 Per Share
Mr. Jitendra Rasiklal Sanghavi has initiated an open offer to acquire up to 7,50,000 equity shares (25%) of Sita Enterprises at Rs. 92.50 per share. The offer includes a 10% interest provision for delayed payments. Navigant Corporate Advisors Limited is managing the process. The post-offer advertisement was published in three newspapers and submitted to BSE Limited in compliance with SEBI regulations.