SBEC Sugar Ltd — Updates, 02-06-2025: Company Update

SBEC Sugar Limited has received an open offer announcement from SBEC Systems (India) Limited and its persons acting in concert to acquire up to 1.24 crore shares, representing 26% of the company’s total voting capital, at ₹21 per share in cash. This mandatory open offer follows a Supreme Court order related to a 2014 acquisition that increased the promoter group’s stake beyond the regulatory threshold without an open offer. The total cash consideration is approximately ₹26 Cr, including interest for delay. The acquirers have no plans to delist SBEC Sugar post-acquisition, and the offer is not subject to a minimum acceptance level.