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Pharmaceuticals
Open Offer28 Apr 2026, 04:19 pm

Fabino Enterprises: Open Offer for 26% stake at ₹20/share

AI Summary

R G Family Trust, Sameer Gupta, and Sundeep Gupta (Acquirers) have made a public announcement for an open offer to acquire 5,46,000 equity shares of Fabino Enterprises Limited, representing 26.00% of the company's fully diluted equity share capital. The offer price is ₹20 per share, amounting to a total consideration of ₹109.20 Lakhs. This open offer was triggered by an underlying Share Purchase Agreement dated April 28, 2026, where the Acquirers agreed to acquire 11,93,200 equity shares (56.82% shareholding) from existing sellers for ₹214.78 Lakhs, leading to a direct acquisition of majority voting rights and control over the Target Company.

Key Highlights

  • Acquirers launch open offer for 26% stake in Fabino Enterprises.
  • Offer price set at ₹20 per equity share, totaling ₹109.20 Lakhs.
  • Offer triggered by acquisition of 56.82% stake from existing sellers.
  • Underlying transaction valued at ₹214.78 Lakhs for majority control.
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