Sayaji Hotels (Indore) Ltd — Updates, 16-07-2025: Company Update

Sayaji Hotels (Indore) Limited has received a Letter of Offer for an open offer to acquire up to 26% of its voting share capital. Century 21 Officespace Private Limited, along with its associates, triggered this mandatory offer after increasing their stake to 26.87%. They aim to acquire 792,118 equity shares at ₹1,250 per share in cash. This move is to gain substantial stake and management control. The Acquirer intends to continue the existing business and may seek Board reconstitution, though no firm decisions are made. The offer period starts on July 25 and closes on August 7. The total offer value is ₹99.01 crore, backed by the acquirer group's net worth of ₹117.59 crore and liquidity of ₹215.40 crore. The Target Company's independent directors will provide their assessment of the open offer to public shareholders.