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Aditya Himmat Bhansali has launched an open offer for P H Capital Limited, aiming to acquire up to 7.80 lakh equity shares (26.00%) at ₹206.66 each, totaling approximately ₹16.12 Cr. This follows his agreement to buy 21.81 lakh shares (72.70%) from current promoters for roughly ₹45.08 Cr, marking a change in control. Post-acquisition, Bhansali's stake would be about 98.70%. The move seeks to inject growth capital, bolster the balance sheet, and drive value for stakeholders. Independent directors will offer their assessment of the offer to public shareholders. The acquirer does not plan to delist and will ensure compliance with minimum public shareholding rules.