Grow House Wealth Management initiates open offer for Sri Adhikari Brothers Television Network

An open offer has been initiated to acquire up to 5,346,238 fully paid-up equity shares of Sri Adhikari Brothers Television Network Limited (SABTNL) at an offer price of ₹10 per share. This represents 13.24% of the emerging voting share capital, amounting to a maximum consideration of ₹53,462,380. The tender period for this offer is set to commence on Monday, October 20, 2025, and will close on Tuesday, November 04, 2025.

Mr. Kurjibhai Premjibhai Rupareliya is the acquirer, acting in concert with M/s Leading Leasing Finance and Investment Company Limited (PAC). The acquisition aims for effective control, with the acquirer and PAC potentially holding up to 99.92% of SABTNL's emerging voting share capital post-offer. The total funding requirement for the offer, assuming full acceptance, is ₹54,000,000, which has been deposited into an escrow account.

The offer is a mandatory open offer, triggered by the acquisition of 15,000,000 equity shares through a share purchase agreement and a proposed preferential issue, both at ₹10 per share. These transactions will result in the acquirer gaining control over SABTNL, and the existing promoters will cease to hold shares and transfer control. Shareholders should note that the offer price is significantly lower than the current market price, which may influence their decision.