12-Oct-2026 18:19:07

INANISECAcquisition and merger

INANISEC : OPEN OFFER WORTH RS 7.11 CR FOR 26% STAKE

• Aikyam Financial Services makes open offer for up to 11,85,002 equity shares (26.00% of equity) at ₹60/share • Total open offer consideration ~₹7.11 Cr assuming full acceptance; payment in cash • Offer triggered by SPA dated Oct 12, 2026 to buy 25,94,214 shares (56.92%) for ~₹15.57 Cr from 14 promoter sellers • Acquirer to become promoter of Inani Securities; sellers to exit fully and be declassified from promoter group • Target is a SEBI-registered stock broker, clearing member of BSE/NSE and CDSL depository participant; deal needs SEBI, BSE, NSE and CDSL approvals • Acquirer intends to retain listing status; no delisting offer proposed Impact: Neutral (Change of control at ₹60/share sets a clear open offer price benchmark, but completion is subject to multiple regulatory approvals)

Inani Securities Ltd

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