Photon Capital Advisors Ltd — Important, 01-01-1970: Company Update

An open offer by Sreeram Reddy Vanga to acquire up to 7,11,000 shares (26.13%) of Photon Capital Advisors at ₹115 per share saw minimal public participation, with only 32 shares tendered and accepted. Despite this, the acquirer now holds a controlling stake of 14,82,032 shares, representing 54.47% of the company. This majority holding was primarily established through a 9,97,000 share purchase agreement and a 4,85,000 share preferential allotment. Public shareholding is now 12,38,662 shares, or 45.53%.