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Sri Adhikari Brothers Announces Significant Share Acquisition Offer

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Sri Adhikari Brothers Announces Significant Share Acquisition Offer

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An update from Sri Adhikari Brothers Television Network Limited ( (IN:SABTNL) ) is now available.

Sri Adhikari Brothers Television Network Limited announced the publication of a Pre-offer Advertisement cum Corrigendum related to a public offer for acquiring a substantial share of its equity. This move, managed by Grow House Wealth Management Private Limited, involves the acquisition of over 53 lakh equity shares, constituting 13.24% of the company’s emerging voting share capital, at a price of ₹10 per share. This development is part of compliance with SEBI regulations and could potentially impact the company’s shareholder structure and market positioning.

More about Sri Adhikari Brothers Television Network Limited

Sri Adhikari Brothers Television Network Limited operates in the media and entertainment industry, primarily focusing on television broadcasting and content production. The company is known for its diverse range of television programming and has a significant presence in the Indian market.

Average Trading Volume: 1,423

Technical Sentiment Signal: Hold

Current Market Cap: 22.01B INR

See more data about SABTNL stock on TipRanks’ Stock Analysis page.

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