SANTAN INVESTMENT ADVISORY LLP, MALLINATH MADINENI and PRATHIMA MALLINATH MADINENI cancelled the acquisition of 25.70% stake in PH Trading Limited
The offer is not conditional upon any minimum level of acceptance and is not a competing offer. The tender offer will commence on March 1, 2023, and close on March 15, 2023. As of April 13, 2023, the offer period will commence on April 20, 2023 and will close on May 4, 2023. As of April 18, 2023, The IDC of PH Trading Limited has declared the offer fair and reasonable.
Swati Agarwal of Bonanza Portfolio Limited acted as financial advisor to SANTAN INVESTMENT ADVISORY LLP, MALLINATH MADINENI, and PRATHIMA MALLINATH MADINENI. Deepali Dhuri of Purva Sharegistry (India) Pvt. Ltd. acted as registrar to SANTAN INVESTMENT ADVISORY LLP, MALLINATH MADINENI, and PRATHIMA MALLINATH MADINENI.
SANTAN INVESTMENT ADVISORY LLP, MALLINATH MADINENI and PRATHIMA MALLINATH MADINENI cancelled the acquisition of 25.70% stake in PH Trading Limited (BSE:512026) on May 4, 2023.