Suresh Atluri, Surinder Kumar Tikoo, Parthasarathi Bhattacharya and Satish Kumar Tondapu made a bid to acquire 26% stake in Grandeur Products Limited (BSE:539235) for approximately INR 230 million on January 10, 2019. The consideration is payable in cash. Suresh Atluri, Surinder Kumar Tikoo, Parthasarathi Bhattacharya and Satish Kumar Tondapu will acquire 5.8 million equity shares of Grandeur Products Limited at an offer price of INR 40 per share. Suresh Atluri already holds 4.48% stake in Grandeur Products Limited while Satish Kumar Tondapu already holds 2.49% stake.The offer is expected to commence on March 6, 2019 and close on March 19, 2019. As of April 1, 2019, the offer will open on April 8, 2019 and close on April 23, 2019. Manish Gaur of Mark Corporate Advisors Private Limited acted as manager to the offer for Suresh Atluri, Surinder Kumar Tikoo, Parthasarathi Bhattacharya and Satish Kumar Tondapu. P.V. Srinivas of Venture Capital & Corporate Investments acted as registrar to the offer for Suresh Atluri, Surinder Kumar Tikoo, Parthasarathi Bhattacharya and Satish Kumar Tondapu.