Prataap Snacks Limited — Important, 08-01-2025: Updates

Authum Investment & Infrastructure Limited, along with Ms. Mahi Madhusudan Kela, is set to acquire up to 62,98,351 equity shares of Prataap Snacks Limited at ₹864 per share, as part of a mandatory open offer. This acquisition represents 26.01% of the total voting capital and follows a Share Purchase Agreement (SPA) to acquire a controlling stake in Prataap Snacks. The total maximum payment for the offer could reach approximately ₹545 crore.

The open offer period begins on January 16, 2025, and concludes on January 29, 2025. Shareholders can tender their shares through their brokers during this time, and the payment will be settled within ten working days post-offer closure. The offer price reflects a 15.75% premium on the current market value, calculated based on the pricing mechanism set by SEBI regulations.

Public shareholders, whether holding shares in physical or dematerialized form, are advised to review the requirements for proper documentation and approval before participating. The open offer provides an opportunity for retail investors to realize value from their investments while strategically repositioning the company.