PH Capital Ltd — Important, 01-01-1970: Company Update

Aditya Himmat Bhansali has launched an open offer to acquire up to 7.80 lakh shares, representing 26% of P.H. Capital Limited, at ₹206.66 per share, totaling ₹16.12 crore. This follows his agreement to acquire 21.81 lakh shares (72.70%) for ₹45.08 crore, triggering a change in company control. Bhansali, a lawyer and investor with a ₹69.34 crore net worth, aims to drive growth, strengthen the balance sheet, and explore new business areas for the stockbroking firm. Necessary approvals for the change in control have been secured. The acquirer commits to ensure compliance with minimum public shareholding requirements.