Open offer for Sri Adhikari Brothers Television Network equity announced

Grow House Wealth Management Private Limited, acting as manager to the offer, has announced an open offer for the acquisition of 5,346,238 equity shares of Sri Adhikari Brothers Television Network Limited (SABTNL). These shares, each with a face value of INR 10, represent 13.24% of SABTNL's emerging voting share capital.

The offer price is set at INR 10.00 per equity share. The acquisition is being made by Mr. Kurjibhai Premjibhai Rupareliya (acquirer) along with persons acting in concert (PAC), in compliance with SEBI regulations. The public announcement, filed on June 14, 2025, includes the recommendations of the Independent Directors Committee.

Newspaper cuttings detailing the IDC's recommendations were published on Tuesday, October 15, 2025, in the Financial Express (National English Daily: all editions), Jansatta (National Hindi Daily: all editions), and Mumbai Lakshadeep (Regional Marathi Daily: Mumbai edition).