Esaar India Ltd — Important, 01-01-1970: Company Update

Prabhat Capital Investments has successfully completed its Open Offer to acquire up to 26% of Esaar (India) Limited. The offer, priced at Rs. 8.00 per share (including interest for a payment delay), had a total size of Rs. 4.25 Crore. Despite the offer aiming for a significant stake, only 1,548 shares were tendered and accepted from public shareholders. Post-offer, Prabhat Capital Investments now holds 8,56,236 equity shares, representing 4.19% of Esaar. This acquisition impacts Esaar's ownership structure, as certain existing shareholders will be reclassified into the promoter group.