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Classic Filaments Limited is subject to an open offer from new acquirers seeking an additional 26% stake at Rs. 12 per share, payable in cash. This follows their recent acquisition of a controlling 68.51% stake. The acquirers, with expertise in garments and trade, plan to revive the company's currently inactive man-made art silk fabrics business and explore diversification. Financially, CFL reported a net loss of approximately Rs. 0.08 crore for the quarter and half-year, with a book value of Rs. 9.12 per share. The cash offer, valued at approximately Rs. 1.91 crore, is fully funded by the acquirers, who will also ensure compliance with public shareholding rules. An Independent Directors' committee will provide its assessment of the offer.