Open offer for acquisition of up to 4,46,64,772 fully paid-up equity shares of face value of INR 1 each (the…
As filed · ICICI Securities Ltd has submitted to the Exchange a copy of Open offer for acquisition of up to 4,46,64,772 fully paid-up equity shares of face value of INR 1 each (the Equity Shares ) of the company
What happened
FactICICI Securities Ltd has submitted to the Exchange a copy of Open offer for acquisition of up to 4,46,64,772 fully paid-up equity shares of face value of INR 1 each (the Equity Shares ) of the company by Renew Exim DMCC , in compliance with Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (the SEBI (SAST) Regulations ) (the Open Offer ). amended (the “SEBI (SAST) Regulations”) (the “Open Offer”). Manager…
Why it matters
CapitSignal interpretationAn open offer gives holders a defined price at which they can exit, and signals that control is changing.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Order Book
RevisedDuring the year, we secured new orders worth over H 7,100 Crores across various sectors.
In FY 2024-25, we achieved consolidated revenue of D 9,097 Crores, marking an 18% year-on-year increase, backed by disciplined project execution across verticals.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Offer price versus market price
- Acquirer and resulting shareholding
- Yes, if you see that last year we have secured the order of Rs. 14,000-15,000 crores. This year we are plannin (management committed by FY27)
- We have entered FY 2025-26 with confidence and a renewed sense of ambition. (management committed by FY26)
Evidence
How CapitSignal classified this
- Reasoning:
- OPEN_OFFER base 72; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%