Prozone Realty Limited — Important, 26-04-2025: Updates

Prozone Realty Limited is currently undergoing an open offer initiated by Apax Trust, represented by its trustee, Mr. Nikhil Chaturvedi. The company aims to acquire up to 39,676,750 equity shares, which represent 26% of its voting equity share capital, at an offer price of ₹25 per share. This move follows a share purchase agreement executed with Nailsfield Limited for 4,399,578 shares, which constitutes 28.83% of the company's equity shares. The total consideration for the open offer is approximately ₹99.19 crore (₹991,918,750).

The tendering period for this open offer will commence on May 8, 2025, and close on May 22, 2025. Public shareholders can participate by tendering their shares through their respective brokers on the designated stock exchanges. The offer is not subject to a minimum level of acceptance, and no competing offers have been announced to date. The completion of this open offer and any related purchases will be subject to regulatory approvals, including compliance with SEBI regulations.

Investors should monitor developments closely, as the results of this acquisition could have significant implications for Prozone Realty’s strategic direction and market position.