AI assistant
Devinsu Trading Ltd. M&A Activity 2025
62886_rns_2025-11-19_4ca99c37-e9e4-43f4-b861-adc1e33bea12.pdf
M&A Activity
Open in viewerOpens in your device viewer
November 19, 2025
MCAPL: MUM: 2025-26: 0173
To. The Listing Department, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street. Mumbai-400 001.
Dear Sir/Madam,
Sub : Submission of Post Offer Advertisement
Ref Open Offer to the Public Shareholders of Devinsu Trading Limited ("Devinsu"/"Target $\bullet$ Company").
With reference to the above referred Open Offer we have carried out the Post Offer Advertisement today in terms of Regulation 18 (12) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto ("SEBI (SAST) Regulations, 2011"), in all the newspapers where the Detailed Public Statement ("DPS") was published.
As required under SEBI (SAST) Regulations, 2011, a Post-Offer Advertisement has been published in the following newspapers:
| Sr. No. | Publication | Language | Edition(s) | ||
|---|---|---|---|---|---|
| Business Standard | English | All Editions | |||
| Business Standard | Hindi | All Editions | |||
| Navshakti | Marathi | Mumbai Edition |
We are enclosing herewith a copy of the newspaper clipping of the Post Offer Advertisement.
Kindly take the above information on your record and disseminate the Post Offer Advertisement on the website of BSE.
For Mark Corporate Advisors Private Limited
Manish Gaur Asst. Vice President
Encl: As Above.
MARK CORPORATE ADVISORS PVT. LTD. CIN No: U67190MH2008PTC181996 SEBI Registration No.: INM000012128 GSTIN/UIN: 27AAFCM5379J1ZY 404/1, The Summit, Sant Janabai Road, (Service Lane), Off. W. E. Highway, Vile Parle (E), Mumbai - 400 057 Tele: +91 22 2612 3207 Fax: +91 22 2612 3208 Web: www.markcorporateadvisors.com E-mail: [email protected]
POST OFFER ADVERTISEMENT UNDER REGULATION 18 (12) OF SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011, AND AMENDMENTS THERETO ("SEBI (SAST) REGULATIONS, 2011") FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF
DEVINSU TRADING LIMITED
(CIN: L51900MH1985PLC036383)
Registered Office: 102, Floor-10, Plot-220, Maker Chamber VI, Jamnalal Bajaj Marg, Nariman Point, Mumbai - 400021 Contact No.: +91 22 4962 2754 • Email ID: [email protected] • Website: www.devinsutrading.com
Open Offer for acquisition up to 1,63,800 fully paid-up equity shares having face value of **10 each representing 26.00% of the Emerging Voting Capital of Devinsu Trading Limited ("Devinsu"/"Target Company") at a price of**350.00 per equity share from the public shareholders of the Target Company by Mr. Deniis Desai ("Acquirer"), pursuant to and in compliance with Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto ("SEBI (SAST) Regulations, 2011").
This Post Offer Advertisement is issued by Mark Corporate Advisors Private Limited ("Manager to the Offer"), in respect of the Open Offer, on behalf of the Acquirer, pursuant to and in compliance with Regulation 18(12) of SEBI (SAST) Regulations, 2011. The Detailed Public Statement with respect to the offer was made on July 16, 2025, in the following newspapers:
| Publication | Language | Edition(s) | ||||
|---|---|---|---|---|---|---|
| Business Standard | English | All Editions | ||||
| Business Standard | Hindi | All Editions | ||||
| Navshakti | Marathi | Mumbai Edition | ||||
| 1) | Name of the Target Company | : | Devinsu Trading Limited | |||
| 2) | Name of the Acquirer | : | Mr. Deniis Desai | |||
| 3) | Name of the Manager to the Offer | : | Mark Corporate Advisors Private Limited | |||
| 4) | Name of the Registrar to the Offer | : | MUFG Intime India Private Limited | |||
| 5) | Offer Details: | : | ||||
| a) Date of Opening of the Offer |
Monday, October 27, 2025 | |||||
| b) Date of Closure of the Offer |
: | Monday, November 10, 2025 | ||||
| 6) | Date of Completion of Payment of Consideration | : | Tuesday, November 18, 2025 | |||
| and communication of Rejection/Acceptance | As no equity shares were tendered in this Open Offer, no consideration | |||||
| was paid to any shareholder. | ||||||
7) Details of Acquisition by the Acquirer:
| Sr. No. |
Particulars | Proposed in the Letter of Offer |
Actuals | |||
|---|---|---|---|---|---|---|
| 7.1 | Offer Price (in ) |350.00 per Equity Share |
`350.00 per Equity Share | ||||
| 7.2 | Aggregate number of Shares tendered | Up to 1,63,800 | Nil | |||
| Equity Shares(1) | ||||||
| 7.3 | Aggregate number of Shares accepted | Up to 1,63,800 | Nil | |||
| Equity Shares(1) | ||||||
| 7.4 | Size of the Offer (Number of Equity Shares multiplied by Offer Price per Equity Share) |
`5,73,30,000(1)(2) | Not Applicable | |||
| 7.5 | Shareholding of the Acquirer before Public Announcement | |||||
| • Number |
Nil | Nil | ||||
| • % of Voting Share Capital |
Not Applicable | Not Applicable | ||||
| 7.6 | Shares acquired by way of Preferential Allotment | |||||
| • Number |
80,000 (3) | 80,000 (3) | ||||
| • % of Emerging Voting Share Capital |
12.70% (3) | 12.70% (3) | ||||
| 7.7 | Shares acquired by way of Share Purchase Agreement | |||||
| • Number |
91,493 | 91,493 | ||||
| • % of Emerging Voting Share Capital |
14.52% | 14.52% | ||||
| 7.8 | Shares Acquired by way of Open Offer | |||||
| • Number |
1,63,800 (1) | Nil | ||||
| • % of Emerging Voting Share Capital |
26.00% | Not Applicable | ||||
| 7.9 | Shares acquired after Detailed Public Statement ("DPS") | |||||
| • Number |
Nil | Nil | ||||
| • % of Voting Share Capital |
Not Applicable | Not Applicable | ||||
| • Price of the Shares acquired |
Not Applicable | Not Applicable | ||||
| 7.10 | Post Offer Shareholding of the Acquirer | |||||
| • Number |
3,35,293 | 1,71,493 | ||||
| • % of Voting Share Capital |
53.22% | 27.22% | ||||
| Pre-Offer | Post Offer | Pre-Offer | Post Offer | |||
| 7.11 | Pre & Post offer Shareholding of the Public: | |||||
| • Number |
4,08,507 | 2,94,707 | 4,08,507 | 4,58,507 | ||
| • % of Emerging Voting Share Capital |
64.84% | 46.78% | 64.84% | 72.78% |
(1) Assuming full acceptance in the Open Offer.
(2) Excludes Brokerage and other charges.
(3) Not yet allotted since In-principal approval from BSE is awaited.
8) The Acquirer accept full responsibility for the information contained in this Post Offer Advertisement and for the obligations under SEBI (SAST) Regulations, 2011.
9) A copy of this Post Offer Advertisement will be available on the websites of SEBI and BSE Limited and will be dispatched to the registered office of the Target Company.
Capitalized terms used in this advertisement, but not defined herein, shall have the same meanings assigned to such terms in the Letter of Offer dated October 10, 2025.
Issued by Manager to the Offer:
MARK CORPORATE ADVISORS PRIVATE LIMITED CIN: U67190MH2008PTC181996 404/1, The Summit, Sant Janabai Road (Service Lane), Off W. E. Highway, Vile Parle (East), Mumbai - 400 057. Tel. No.: +91 22 2612 3207/08 Contact Person: Mr. Manish Gaur E-Mail: [email protected] Investor Grievance Email ID: [email protected] SEBI Regn No.: INM000012128
For and on behalf of the Acquirer: Sd/-
________________ Deniis Desai ("Acquirer") Date : November 19, 2025 Place : Mumbai