Cliqtrade Stock Brokers Private Limited offered to acquire 25.41% stake in Asit C. Mehta Financial Services Limited (BSE:530723) for approximately INR 190 million on August 10, 2022. The offer is INR 151.44 per share. The Offer Price will be paid in cash.

The DPS will be published in newspapers on or before August 19, 2022. The tender offer will commence on October 6, 2022, and close on October 19, 2022. As of October 11, 2022, the tender offer will commence on October 13, 2022 and close on October 28, 2022.

Completion of the Open Offer is subject to receipt of statutory approvals. As of October 8, 2022, The board of Asit C. Mehta Financial Services Limited consider the offer as fair and reasonable and unanimously recommend the shareholders to accept the offer. Vivek Singhi of Choice Capital Advisors Private Limited acted as manager to the offer for Cliqtrade Stock Brokers Private Limited.

Link Intime India Pvt. Ltd. acted as registrar for Cliqtrade Stock Brokers Private Limited.