Saptarishi Agro: open offer at ₹1.50

Rajivbhai Patel, Krunal Patel, Rushabh Patel and Indiraben Patel have made an open offer to the shareholders of Saptarishi Agro Industries. They plan to acquire up to 85.6 lakh shares, which represent 25.17 per cent of the paid-up capital of the company. The open offer, made by Hem Securities on behalf of the acquirers, is at ₹1.50 a share. The open offer by the acquirers follows the purchase of 66.04 per cent in Saptarish by Calibre Rehabs Pvt Ltd through a share purchase agreement for a consideration of ₹1.499 crore.