Grow House proposes open offer for Sri Adhikari Brothers stake

Grow House Wealth Management Private Limited, acting as manager to the offer, has announced an open offer to acquire 5,346,238 equity shares of Sri Adhikari Brothers Television Network Limited (SABTNL). This acquisition represents 13.24% of SABTNL's emerging voting share capital. The offer price is set at ₹10.00 per equity share.

The acquisition is being made by Mr. Kurjibhai Premjibhai Rupareliya (acquirer) along with a person acting in concert (PAC), in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The pre-offer advertisement cum corrigendum to the detailed public statement and draft letter of offer was published on Friday, October 17, 2025, in various newspapers.

This move signals a significant strategic investment in SABTNL. The manager to the offer, Grow House Wealth Management Private Limited, is facilitating the transaction, indicating a potentially notable shift in SABTNL's ownership structure.