Dolphin Medical Services Ltd — Important, 01-01-1970: Company Update

The open offer by Amarandhar Reddy Kotha and Mallour Rajesh Kumar for Dolphin Medical Services Limited has concluded. They aimed to acquire 39.26 lakh shares, representing 26% of the company, at ₹4.80 each, targeting a total of ₹1.88 crore. However, the offer saw minimal participation, with only 18,000 shares tendered and accepted, valuing at ₹86,400. Consequently, the acquirers' total ownership in Dolphin Medical Services after the offer stands at 21.08%. This outcome reflects a substantial deviation from their original acquisition target for the company.