GSB Finance Ltd — Important, 01-01-1970: Company Update

GSB Finance announced the submission of its Post Offer Advertisement for an Open Offer. Acquirers acquired a 55.25% stake (3,314,820 shares) from selling promoters for ₹4.31 crore at ₹13.00 per share. This triggered an open offer to acquire up to 26.00% (1,560,000 shares) from public shareholders at ₹21.44 per share, totaling ₹3.34 crore. The merchant banker was replaced by GYR Capital Advisors after the previous one's registration was suspended by SEBI. The offer period concluded, and settlement has occurred, marking a significant change in company control.