Mr. Neerav Bairagi has launched an Open Offer to acquire up to 60.21 lakh (26%) of JMG Corporation Limited's voting shares at ₹5.30 per share, totaling approximately ₹3.19 Cr. This mandatory offer follows his earlier acquisition of an 84.80 lakh (36.62%) stake from the current promoter for about ₹3.56 Cr. Upon successful completion, Bairagi will assume control and become the new promoter. He intends to expand and diversify the company's business into the textile sector, adding to its existing green energy and trading activities.