Century 21 Officespace Private Limited, along with its Persons Acting in Concert (PACs) – Century 21 Town Planners Pvt. Ltd., M.P. Entertainment & Developers Pvt. Ltd., and Print Solutions Pvt. Ltd., has successfully completed the open offer for Sayaji Hotels (Indore) Limited. This open offer was conducted under Regulation 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The open offer was announced earlier in March 2025, followed by a detailed public statement in April 2025, and culminated with the closing of the offer on August 7, 2025. The acquirer had initially proposed to acquire up to 7,92,118 equity shares, representing 26% of the total equity share capital of Sayaji Hotels Indore at an offer price of ₹1,250 per share.

Following the offer, a total of 3,78,251 shares were validly tendered and accepted. This brings the cumulative holding of Century 21 Officespace and PACs to 11,96,936 equity shares, representing 39.29% of the voting share capital of the target company. Prior to the open offer, their holding stood at 24.16%.

The total transaction value of the open offer amounts to ₹47.28 crore, reflecting a significant step in strengthening the ownership position of Century 21 in the hospitality group.

However, post open offer, it has been observed that Sayaji Hotels Indore is not compliant with the minimum public shareholding (MPS) norm of 25%, as prescribed under SEBI (LODR) Regulations read with Securities Contract (Regulations) Rules, 1957. The Acquirer, PACs, and the existing promoter group have assured compliance with Regulation 7(4) of the SEBI (SAST) Regulations to restore public shareholding in due course.

The completion of this acquisition is a crucial milestone for Century 21 Officespace Private Limited, which has been strategically consolidating its position in the Indian hospitality sector. The move also highlights investor confidence in Sayaji Hotels Indore, a reputed name in the hotel and hospitality industry with strong roots in Madhya Pradesh.

The open offer process was managed by Systematix Corporate Services Limited, acting as the Manager to the Offer, while MUFG Intime India Private Limited acted as the Registrar to the Offer.

This transaction not only reshapes the shareholding structure of Sayaji Hotels Indore but also underlines the growing trend of strategic acquisitions in the Indian hospitality space, where institutional players are increasingly consolidating their stakes to drive growth, operational control, and expansion.

With this successful acquisition, Century 21 Officespace and PACs now emerge as one of the significant shareholders in Sayaji Hotels Indore, paving the way for potential new directions in governance, expansion strategies, and financial restructuring of the company.

The acquisition will also be closely watched by the market as it aligns with regulatory compliance under SEBI norms, especially with respect to the Minimum Public Shareholding which remains a critical area for the company to address.

In summary, the open offer of Sayaji Hotels Indore by Century 21 Officespace and PACs marks a significant turning point in the company’s ownership landscape. By raising their stake to 39.29%, the acquirers have reinforced their commitment towards the hospitality brand. Going forward, this acquisition could serve as a catalyst for future growth and enhanced shareholder value in the Indian hospitality sector.

The Upcoming IPOs in this week and coming weeks are Amanta Healthcare, Rachit Paints, Abril Paper Tech, Sneha Organics, Sugs Lloyd, Anlon Healthcare, NIS Management, Sattva Engineering Construction, Globtier Infotech, Current Infraprojects, Vikran Engineering.

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