Esaar (India) has informed that it has been appointed as ‘Manager to the Offer’ by Prabhat Capital Investments (hereinafter referred to as ‘the Acquirer’) for acquiring up to 53,15,050 equity shares of Rs 10 each of Esaar (India) (‘Target Company’) representing 26.00% of the fully paid -up equity and voting share capital of the Target Company at an offer price of Rs 7.00 per Share fully paid-up Equity Share (‘Offer Price’), through Open Offer under Regulation 4 of SEBI (SAST) Regulations, 2011 (‘the Regulations’) requiring the Public Announcement (‘PA’) in terms of Regulation 13 (1) of the said Regulations. The equity shares of the Target Company are listed on BSE. As per Regulation 13 (4) & 14 (3) of SEBI (SAST) Regulations, 2011, the Detailed Public Statement (DPS) has been published on February 24, 2025.
The above information is a part of company’s filings submitted to BSE.