Vishnu Dutt Khandelwal and Sandeep Khandelwal made an offer to acquire 26% stake in SVP Housing Limited (BSE:539041) for INR 43.6 million on January 6, 2023. Under the deal, the offerors made an offer to acquire 2.9 million equity shares for a price of INR 15 per share. The completion of the Offer is subject to receipt of statutory approvals required.

The tender offer will commence on March 1, 2023, and close on March 15, 2023. As of April 4, 2023, tender offer will commence on April 11,2023, and will close on April 25, 2023. Khambatta Securities Limited acted as a financial advisor to Vishnu Dutt Khandelwal and Sandeep Khandelwal.

Skyline Financial Services Private Limited acted as registrar to Vishnu Dutt Khandelwal and Sandeep Khandelwal. Khambatta Securities Limited acted as manager to the offer.