News

Shashank Traders Open Offer Sees Partial Acceptance

Open offer by AVB Endeavors, Prilika Enterprises and Aditya Vikram Birla for Shashank Traders Limited received 10,45,961 shares against target of 15,46,900 shares at ₹30 per share.

Shashank Traders Open Offer Letter Submitted

Narnolia Financial Services submits Letter of Offer for open offer to acquire 50% equity shares of Shashank Traders Limited at ₹30 per share under SEBI SAST Regulations.

AVB Endeavors and Partners Launch Open Offer for Shashank Traders at Rs 30 Per Share

AVB Endeavors Private Limited, Prilika Enterprises Private Limited, and Aditya Vikram Birla have announced an open offer to acquire up to 15,46,900 equity shares (50% voting capital) of Shashank Traders Limited at Rs 30 per share, aggregating to Rs 4.64 crores. The offer follows their Share Purchase Agreement to acquire 26.65% stake from existing promoters, triggering mandatory open offer obligations under SEBI takeover regulations with offer period from December 31, 2025 to January 14, 2026.

Shashank Traders Limited Reports Financial Results for Quarter and Half Year Ended September 30, 2025

Shashank Traders Limited's Board approved unaudited standalone financial results for the quarter and half year ended September 30, 2025, following audit committee recommendation. The company reported a net loss of Rs. 4.30 lacs for the half year period, with total assets of Rs. 534.34 lacs and equity of Rs. 215.73 lacs as of September 30, 2025.

AVB Endeavors, Prilika Enterprises, and Aditya Vikram Birla Launch Open Offer for Shashank Traders Limited

AVB Endeavors Private Limited, Prilika Enterprises Private Limited, and Aditya Vikram Birla have announced an open offer to acquire 15,46,900 equity shares of Shashank Traders Limited at ₹30.00 per share. The offer follows SEBI takeover regulations and has been published in multiple newspapers, with Narnolia Financial Services Limited serving as the manager to the offer.