Guruomega Private Limited and Man Mohan Katial made an offer to acquire a 26% stake in Aar Shyam India Investment Company Limited (BSE:542377) for INR 11.7 million on March 27, 2023. The open offer is made at a price of INR 15 cash per equity share. In a related transaction, Guruomega Private Limited and Man Mohan Katial entered into a share purchase agreement to acquire an 8.58% stake in Aar Shyam India Investment Company Limited from KKModi Investment and Financial Services Private Limited for INR 3.86 million on March 27, 2023.

The tender offer will commence on May 25, 2023, and close on June 7, 2023. Heemadri Mukerjea of Turnaround Corporate Advisors Private limited acted as Manager to the offer for and on behalf of the acquirers. Sharwan Mangla of Mas Services Limited acted as registrar to the acquirers.